Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Down 86.5% in April

Sprott Critical Materials ETF (NASDAQ:SETM) was the target 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. Based on an average daily volume of 281,026 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Sprott Critical Materials ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new position in shares of Sprott Critical Materials ETF during the 1st quarter valued at $26,000. NFSG Corp raised its stake in shares of Sprott Critical Materials ETF by 704.5% in the 1st quarter. NFSG Corp now owns 885 shares of the company’s stock worth $29,000 after buying an additional 775 shares in the last quarter. Uniplan Investment Counsel Inc. acquired a new stake in shares of Sprott Critical Materials ETF in the fourth quarter valued at $34,000. Federation des caisses Desjardins du Quebec bought a new position in Sprott Critical Materials ETF during the fourth quarter valued at about $38,000. Finally, Kestra Advisory Services LLC bought a new position in Sprott Critical Materials ETF during the fourth quarter valued at about $40,000.

Sprott Critical Materials ETF Trading Down 3.9%

SETM traded down $1.52 on Thursday, reaching $37.22. The company had a trading volume of 290,294 shares, compared to its average volume of 412,196. The company has a market capitalization of $623.06 million, a P/E ratio of 29.93 and a beta of 0.99. The company has a fifty day moving average of $35.17 and a 200-day moving average of $32.63. Sprott Critical Materials ETF has a one year low of $14.28 and a one year high of $40.55.

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.