Sprott Energy Transition Materials ETF (NASDAQ:SETM) Short Interest Update

Sprott Energy Transition Materials ETF (NASDAQ:SETM) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 10,900 shares, a growth of 98.2% from the May 15th total of 5,500 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is presently 1.4 days.

Sprott Energy Transition Materials ETF Price Performance

Shares of NASDAQ:SETM traded down $0.21 during trading on Friday, hitting $17.43. The company’s stock had a trading volume of 10,290 shares, compared to its average volume of 6,992. The firm has a market cap of $12.90 million, a price-to-earnings ratio of 13.38 and a beta of 1.81. The company has a 50-day moving average of $18.82 and a 200-day moving average of $17.48. Sprott Energy Transition Materials ETF has a 12 month low of $15.29 and a 12 month high of $20.95.

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 grew its holdings 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 and Exchange Commission (SEC). The firm owned 3,648 shares of the company’s stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Sprott Energy Transition 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.