Sprott Energy Transition Materials ETF (NASDAQ:SETM) Sees Large Increase in Short Interest

Sprott Energy Transition Materials ETF (NASDAQ:SETM) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 21,000 shares, a growth of 47.9% from the August 15th total of 14,200 shares. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of Sprott Energy Transition Materials ETF

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

Sprott Energy Transition Materials ETF Trading Down 1.0 %

Shares of NASDAQ SETM traded down $0.16 during midday trading on Monday, hitting $15.69. The company’s stock had a trading volume of 1,818 shares, compared to its average volume of 9,818. Sprott Energy Transition Materials ETF has a 12-month low of $14.30 and a 12-month high of $20.95. The firm has a market cap of $18.98 million, a P/E ratio of 13.38 and a beta of 1.81. The business’s 50 day moving average is $16.09 and its two-hundred day moving average is $17.37.

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.