Sprott Energy Transition Materials ETF (NASDAQ:SETM) Sees Significant Decline in Short Interest

Sprott Energy Transition Materials ETF (NASDAQ:SETM) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 13,500 shares, a decline of 43.0% from the June 15th total of 23,700 shares. Based on an average trading volume of 11,000 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sprott Energy Transition Materials ETF stock. National Bank of Canada FI lifted its position in shares of Sprott Energy Transition Materials ETF (NASDAQ:SETM) by 234.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,648 shares of the company’s stock after buying an additional 2,556 shares during the period. National Bank of Canada FI owned approximately 0.52% of Sprott Energy Transition Materials ETF worth $63,000 as of its most recent SEC filing.

Sprott Energy Transition Materials ETF Price Performance

SETM traded up $0.13 during trading on Friday, hitting $18.46. The company’s stock had a trading volume of 23,051 shares, compared to its average volume of 8,337. The firm’s 50 day moving average price is $18.58 and its 200-day moving average price is $17.55. The stock has a market cap of $19.38 million, a PE ratio of 13.38 and a beta of 1.81. Sprott Energy Transition Materials ETF has a twelve month low of $15.29 and a twelve month high of $20.95.

Sprott Energy Transition 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.