Short Interest in Sprott Energy Transition Materials ETF (NASDAQ:SETM) Increases By 44.6%

Sprott Energy Transition Materials ETF (NASDAQ:SETM) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 18,800 shares, a growth of 44.6% from the February 28th total of 13,000 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 21,500 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sprott Energy Transition Materials ETF stock. Paul R. Ried Financial Group LLC purchased a new stake in Sprott Energy Transition Materials ETF (NASDAQ:SETM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,032,100 shares of the company’s stock, valued at approximately $15,554,000. Sprott Energy Transition Materials ETF makes up 10.9% of Paul R. Ried Financial Group LLC’s investment portfolio, making the stock its 2nd largest holding. Paul R. Ried Financial Group LLC owned about 50.59% of Sprott Energy Transition Materials ETF as of its most recent filing with the SEC.

Sprott Energy Transition Materials ETF Stock Performance

Shares of SETM traded down $0.47 during trading hours on Friday, hitting $14.53. The stock had a trading volume of 10,350 shares, compared to its average volume of 15,506. The firm has a 50-day moving average price of $15.38 and a 200 day moving average price of $16.53. Sprott Energy Transition Materials ETF has a fifty-two week low of $13.74 and a fifty-two week high of $20.95. The firm has a market capitalization of $36.18 million, a price-to-earnings ratio of 24.56 and a beta of 0.76.

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.