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

Sprott Energy Transition Materials ETF (NASDAQ:SETM) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 21,000 shares, an increase 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 presently 1.4 days.

Sprott Energy Transition Materials ETF Stock Performance

Shares of NASDAQ:SETM traded down $0.16 on Monday, reaching $15.69. The company’s stock had a trading volume of 1,818 shares, compared to its average volume of 9,818. The company has a 50-day simple moving average of $16.09 and a 200 day simple moving average of $17.37. Sprott Energy Transition Materials ETF has a 52-week low of $14.30 and a 52-week high of $20.95. The company has a market cap of $18.98 million, a P/E ratio of 13.38 and a beta of 1.81.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sprott Energy Transition Materials ETF stock. National Bank of Canada FI boosted its position in shares of Sprott Energy Transition Materials ETF (NASDAQ:SETM) by 234.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,648 shares of the company’s stock after buying an additional 2,556 shares during the quarter. National Bank of Canada FI owned 0.52% of Sprott Energy Transition Materials ETF worth $63,000 as of its most recent filing with the Securities & Exchange Commission.

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.