Sprott Critical Materials ETF (NASDAQ:SETM) Sees Large Decrease in Short Interest

Sprott Critical Materials ETF (NASDAQ:SETM) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 14,146 shares, a decline of 94.8% from the January 15th total of 269,721 shares. Based on an average daily trading volume, of 823,682 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 823,682 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SETM. Thrivent Financial for Lutherans acquired a new stake in shares of Sprott Critical Materials ETF during the 3rd quarter worth about $14,044,000. BFI Infinity Ltd. bought a new stake in Sprott Critical Materials ETF during the fourth quarter worth about $10,349,000. Fortis Advisors LLC acquired a new stake in shares of Sprott Critical Materials ETF during the third quarter worth approximately $3,581,000. TKG Advisors LLC bought a new position in shares of Sprott Critical Materials ETF in the fourth quarter valued at approximately $3,065,000. Finally, Paul R. Ried Financial Group LLC boosted its holdings in shares of Sprott Critical Materials ETF by 8.8% in the 2nd quarter. Paul R. Ried Financial Group LLC now owns 1,294,375 shares of the company’s stock worth $22,419,000 after acquiring an additional 105,155 shares in the last quarter.

Sprott Critical Materials ETF Price Performance

Shares of NASDAQ SETM traded down $0.24 during mid-day trading on Tuesday, hitting $35.72. The company had a trading volume of 307,180 shares, compared to its average volume of 653,433. Sprott Critical Materials ETF has a 12 month low of $11.48 and a 12 month high of $40.55. The firm has a market cap of $498.65 million, a P/E ratio of 29.93 and a beta of 0.90. The business’s 50-day simple moving average is $32.33 and its 200-day simple moving average is $27.00.

Sprott Critical Materials ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were issued a $0.4527 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a dividend yield of 164.0%.

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.