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

Sprott Energy Transition Materials ETF (NASDAQ:SETM) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,100 shares, a drop of 36.4% from the December 31st total of 3,300 shares. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is presently 0.1 days.

Sprott Energy Transition Materials ETF Price Performance

Sprott Energy Transition Materials ETF stock opened at $15.38 on Wednesday. The stock’s 50-day moving average is $16.40 and its 200-day moving average is $16.75. The company has a market cap of $31.37 million, a price-to-earnings ratio of 13.38 and a beta of 1.81. Sprott Energy Transition Materials ETF has a 12 month low of $14.30 and a 12 month high of $20.95.

Sprott Energy Transition Materials ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th were paid a $0.3116 dividend. The ex-dividend date was Thursday, December 12th.

Institutional Investors Weigh In On Sprott Energy Transition Materials ETF

A hedge fund recently bought a new stake in Sprott Energy Transition Materials ETF stock. Paul R. Ried Financial Group LLC acquired a new stake in shares of Sprott Energy Transition Materials ETF (NASDAQ:SETM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,032,100 shares of the company’s stock, valued at approximately $15,554,000. Sprott Energy Transition Materials ETF makes up about 10.9% of Paul R. Ried Financial Group LLC’s investment portfolio, making the stock its 2nd biggest position. Paul R. Ried Financial Group LLC owned 50.59% of Sprott Energy Transition Materials ETF at the end of the most recent quarter.

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.