Sprott Critical Materials ETF (NASDAQ:SETM) Stock Short Interest Rises 137.6%

Sprott Critical Materials ETF (NASDAQ:SETM) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 61,921 shares, a growth of 137.6% from the September 30th total of 26,061 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 167,571 shares, the short-interest ratio is currently 0.4 days.

Sprott Critical Materials ETF Stock Performance

Sprott Critical Materials ETF stock opened at $24.41 on Friday. The stock has a market cap of $415.21 million, a PE ratio of 29.93 and a beta of 1.15. The firm’s 50-day simple moving average is $30.15 and its 200 day simple moving average is $33.15. Sprott Critical Materials ETF has a fifty-two week low of $23.71 and a fifty-two week high of $40.55.

Hedge Funds Weigh In On Sprott Critical Materials ETF

Large investors have recently modified their holdings of the business. BFI Infinity Ltd. bought a new position in shares of Sprott Critical Materials ETF in the third quarter worth approximately $11,880,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in Sprott Critical Materials ETF by 43.2% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 147,739 shares of the company’s stock worth $4,329,000 after buying an additional 44,580 shares during the period. Cetera Investment Advisers boosted its holdings 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 acquiring an additional 15,942 shares in the last quarter. Baird Financial Group Inc. bought a new stake in shares of Sprott Critical Materials ETF during the 2nd quarter valued at about $3,516,000. Finally, Carnegie Investment Counsel grew its holdings in shares of Sprott Critical Materials ETF by 7.8% during the 1st quarter. Carnegie Investment Counsel now owns 85,312 shares of the company’s stock worth $2,822,000 after acquiring an additional 6,144 shares during the period.

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.