Short Interest in Sprott Energy Transition Materials ETF (NASDAQ:SETM) Expands By 68.9%

Sprott Energy Transition Materials ETF (NASDAQ:SETM) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 22,800 shares, a growth of 68.9% from the June 30th total of 13,500 shares. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Sprott Energy Transition Materials ETF

An institutional investor recently raised its position 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% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,648 shares of the company’s stock after purchasing an additional 2,556 shares during the quarter. 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 reporting period.

Sprott Energy Transition Materials ETF Stock Up 1.1 %

NASDAQ SETM traded up $0.17 during trading on Friday, hitting $16.62. 12,760 shares of the stock traded hands, compared to its average volume of 8,490. The company has a market capitalization of $18.78 million, a P/E ratio of 13.38 and a beta of 1.81. The firm has a 50-day simple moving average of $18.09 and a 200-day simple moving average of $17.53. Sprott Energy Transition Materials ETF has a 12-month low of $15.29 and a 12-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.