Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Update
by Amy Steele · The Cerbat GemSprott Critical Materials ETF (NASDAQ:SETM – Get Free Report) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 21,352 shares, a decline of 86.5% from the April 15th total of 157,925 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 281,026 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of Sprott Critical Materials ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. purchased a new stake in shares of Sprott Critical Materials ETF in the first quarter valued at about $26,000. NFSG Corp lifted its holdings in shares of Sprott Critical Materials ETF by 704.5% in the first quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after purchasing an additional 775 shares in the last quarter. Uniplan Investment Counsel Inc. purchased a new stake in shares of Sprott Critical Materials ETF in the fourth quarter valued at about $34,000. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Sprott Critical Materials ETF in the fourth quarter valued at about $38,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Sprott Critical Materials ETF in the fourth quarter valued at about $40,000.
Sprott Critical Materials ETF Stock Performance
SETM stock traded down $1.56 during trading on Tuesday, reaching $37.72. 137,299 shares of the company were exchanged, compared to its average volume of 413,916. The company has a market cap of $631.43 million, a P/E ratio of 29.93 and a beta of 0.99. Sprott Critical Materials ETF has a 52-week low of $14.28 and a 52-week high of $40.55. The stock’s 50 day moving average price is $35.15 and its 200 day moving average price is $32.38.
About Sprott Critical Materials ETF
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.