Sprott Critical Materials ETF (NASDAQ:SETM) Sees Large Volume Increase – Here’s What Happened

Shares of Sprott Critical Materials ETF (NASDAQ:SETM) saw unusually-high trading volume on Friday . Approximately 300,270 shares changed hands during trading, a decline of 14% from the previous session’s volume of 348,554 shares.The stock last traded at $28.03 and had previously closed at $28.60.

Sprott Critical Materials ETF Price Performance

The firm has a market capitalization of $523.72 million, a PE ratio of 29.93 and a beta of 1.03. The firm’s fifty day moving average is $33.63 and its two-hundred day moving average is $34.49.

Hedge Funds Weigh In On Sprott Critical Materials ETF

Several hedge funds have recently modified their holdings of SETM. G&S Capital LLC boosted its stake in shares of Sprott Critical Materials ETF by 1.1% in the 2nd quarter. G&S Capital LLC now owns 72,108 shares of the company’s stock worth $2,247,000 after buying an additional 808 shares during the last quarter. BFI Infinity Ltd. increased its position in shares of Sprott Critical Materials ETF by 2.9% during the second quarter. BFI Infinity Ltd. now owns 404,253 shares of the company’s stock valued at $12,597,000 after acquiring an additional 11,334 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in shares of Sprott Critical Materials ETF during the second quarter valued at approximately $844,000. Royal Bank of Canada increased its position in shares of Sprott Critical Materials ETF by 807.9% during the first quarter. Royal Bank of Canada now owns 78,684 shares of the company’s stock valued at $2,603,000 after acquiring an additional 70,017 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in Sprott Critical Materials ETF during the first quarter worth $164,000.

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.