Sprott Critical Materials ETF (NASDAQ:SETM) Short Interest Update

Sprott Critical Materials ETF (NASDAQ:SETM) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 21,352 shares, a drop of 86.5% from the April 15th total of 157,925 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 281,026 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds 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 during the first quarter valued at approximately $26,000. NFSG Corp raised its holdings in Sprott Critical Materials ETF by 704.5% in the first quarter. NFSG Corp now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 775 shares in the last quarter. Uniplan Investment Counsel Inc. purchased a new position in Sprott Critical Materials ETF during the fourth quarter valued at $34,000. Federation des caisses Desjardins du Quebec purchased a new position in Sprott Critical Materials ETF during the fourth quarter valued at $38,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Sprott Critical Materials ETF during the 4th quarter valued at $40,000.

Sprott Critical Materials ETF Price Performance

SETM traded down $1.52 on Thursday, hitting $37.22. The company had a trading volume of 290,294 shares, compared to its average volume of 412,196. Sprott Critical Materials ETF has a 52-week low of $14.28 and a 52-week high of $40.55. The stock has a fifty day simple moving average of $35.17 and a 200-day simple moving average of $32.63. The firm has a market capitalization of $623.06 million, a P/E ratio of 29.93 and a beta of 0.99.

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.