Sprott Critical Materials ETF (NASDAQ:SETM) Stock Short Interest Report for October

Sprott Critical Materials ETF (NASDAQ:SETM) saw a large growth in short interest in 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. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 167,571 shares, the days-to-cover ratio is presently 0.4 days.

Sprott Critical Materials ETF Stock Down 5.6%

Shares of Sprott Critical Materials ETF stock opened at $24.47 on Friday. The business has a 50 day moving average of $30.33 and a 200 day moving average of $33.20. The company has a market cap of $418.61 million, a PE ratio of 29.93 and a beta of 1.15. Sprott Critical Materials ETF has a 52 week low of $23.71 and a 52 week high of $40.55.

Institutional Investors Weigh In On Sprott Critical Materials ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. bought a new stake in shares of Sprott Critical Materials ETF during the 2nd quarter valued at $3,516,000. Stegent Equity Advisors Inc. raised its holdings in Sprott Critical Materials ETF by 79.4% during the 1st quarter. Stegent Equity Advisors Inc. now owns 36,467 shares of the company’s stock valued at $1,206,000 after buying an additional 16,141 shares during the period. BFI Infinity Ltd. purchased a new stake in Sprott Critical Materials ETF in the 3rd quarter worth about $11,880,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position 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 valued at $4,329,000 after acquiring an additional 44,580 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Sprott Critical Materials ETF by 807.9% during the 1st quarter. Royal Bank of Canada now owns 78,684 shares of the company’s stock valued at $2,603,000 after buying an additional 70,017 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.