Sprott Critical Materials ETF (NASDAQ:SETM – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 11,250 shares, a decline of 81.4% from the May 31st total of 60,621 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 234,923 shares, the short-interest ratio is currently 0.0 days.
Sprott Critical Materials ETF Stock Down 0.4%
Shares of NASDAQ:SETM opened at $31.30 on Friday. The business’s 50 day moving average is $35.68 and its 200 day moving average is $34.32. The stock has a market cap of $523.96 million, a P/E ratio of 29.93 and a beta of 0.95. Sprott Critical Materials ETF has a 52-week low of $16.93 and a 52-week high of $40.55.
Hedge Funds Weigh In On Sprott Critical Materials ETF
Institutional investors have recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new stake in shares of Sprott Critical Materials ETF in the first quarter valued at about $26,000. NFSG Corp grew its holdings in Sprott Critical Materials ETF by 704.5% during the 1st quarter. NFSG Corp now owns 885 shares of the company’s stock worth $29,000 after acquiring an additional 775 shares in the last quarter. Uniplan Investment Counsel Inc. purchased a new position in Sprott Critical Materials ETF during the 4th quarter valued at about $34,000. Federation des caisses Desjardins du Quebec purchased a new position in Sprott Critical Materials ETF during the 4th quarter valued at about $38,000. Finally, Kestra Advisory Services LLC purchased a new position in Sprott Critical Materials ETF during the 4th quarter valued at about $40,000.
Sprott Critical Materials ETF Company Profile
The Sprott Energy Transition Materials ETF (SETM) is an exchange-traded fund that mostly invests in materials equity. The fund supports the global move to cleaner energy by tracking an index of US and foreign companies related to energy transition materials. Securities are selected based on revenue and weighted by market-cap. SETM was launched on Feb 1, 2023 and is managed by Sprott.
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