Sprott Critical Materials ETF (NASDAQ:SETM) Sees Large Growth in Short Interest

Sprott Critical Materials ETF (NASDAQ:SETM) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 60,050 shares, an increase of 154.4% from the July 15th total of 23,605 shares. Based on an average daily trading volume, of 151,511 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SETM. Paul R. Ried Financial Group LLC grew its holdings in shares of Sprott Critical Materials ETF by 0.7% during the 3rd quarter. Paul R. Ried Financial Group LLC now owns 1,303,117 shares of the company’s stock valued at $32,773,000 after purchasing an additional 8,742 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Sprott Critical Materials ETF by 69.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 948,711 shares of the company’s stock valued at $27,558,000 after purchasing an additional 390,284 shares during the last quarter. BFI Infinity Ltd. lifted its stake in Sprott Critical Materials ETF by 2.9% in the 2nd quarter. BFI Infinity Ltd. now owns 404,253 shares of the company’s stock valued at $12,597,000 after purchasing an additional 11,334 shares during the last quarter. Fortis Advisors LLC boosted its position in Sprott Critical Materials ETF by 0.7% in the fourth quarter. Fortis Advisors LLC now owns 143,405 shares of the company’s stock valued at $4,152,000 after buying an additional 1,016 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Sprott Critical Materials ETF by 15.8% in the first quarter. Cetera Investment Advisers now owns 116,678 shares of the company’s stock valued at $3,860,000 after buying an additional 15,942 shares in the last quarter.

Sprott Critical Materials ETF Stock Up 0.8%

NASDAQ:SETM opened at $32.98 on Friday. The stock’s 50-day simple moving average is $31.19 and its 200 day simple moving average is $34.06. The firm has a market capitalization of $588.69 million, a PE ratio of 29.93 and a beta of 1.06. Sprott Critical Materials ETF has a twelve month low of $19.84 and a twelve month high of $40.55.

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.