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

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

Sprott Critical Materials ETF Stock Down 1.8%

Sprott Critical Materials ETF stock opened at $32.73 on Friday. The firm has a market capitalization of $584.23 million, a P/E ratio of 29.93 and a beta of 1.06. Sprott Critical Materials ETF has a 52-week low of $19.84 and a 52-week high of $40.55. The firm has a fifty day moving average of $31.18 and a 200-day moving average of $34.07.

Institutional Investors Weigh In On Sprott Critical Materials ETF

A number of institutional investors have recently modified their holdings of the stock. PFG Advisors acquired a new stake in shares of Sprott Critical Materials ETF during the 4th quarter valued at approximately $868,000. Commonwealth Equity Services LLC boosted its stake in Sprott Critical Materials ETF by 102.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 106,086 shares of the company’s stock valued at $3,071,000 after purchasing an additional 53,699 shares during the period. G&S Capital LLC acquired a new position in shares of Sprott Critical Materials ETF during the fourth quarter worth approximately $2,035,000. WT Wealth Management acquired a new position in Sprott Critical Materials ETF during the 1st quarter worth $1,675,000. Finally, Thrivent Financial for Lutherans grew its position 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 buying an additional 390,284 shares in the last quarter.

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.