Short Interest in Sprott Energy Transition Materials ETF (NASDAQ:SETM) Decreases By 87.5%

Sprott Energy Transition Materials ETF (NASDAQ:SETM) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 400 shares, a decrease of 87.5% from the March 31st total of 3,200 shares. Based on an average daily volume of 6,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of 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 holdings in Sprott Energy Transition Materials ETF (NASDAQ:SETM) by 234.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.52% of Sprott Energy Transition Materials ETF worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Sprott Energy Transition Materials ETF Stock Performance

NASDAQ:SETM traded up $0.16 during mid-day trading on Thursday, hitting $17.90. The stock had a trading volume of 3,265 shares, compared to its average volume of 6,280. The company’s 50 day simple moving average is $17.10 and its 200 day simple moving average is $16.85. The stock has a market cap of $12.53 million, a price-to-earnings ratio of 12.33 and a beta of 1.81. Sprott Energy Transition Materials ETF has a twelve month low of $15.29 and a twelve month high of $19.19.

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.