Sprott Energy Transition Materials ETF (NASDAQ:SETM) Short Interest Up 486.7% in January

Posted by Teresa Graham on Feb 13th, 2025

Sprott Energy Transition Materials ETF (NASDAQ:SETM – Get Free Report) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 8,800 shares, a growth of 486.7% from the January 15th total of 1,500 shares. Based on an average daily volume of 15,200 shares, the short-interest ratio is currently 0.6 days.

Sprott Energy Transition Materials ETF Price Performance

Shares of NASDAQ:SETM traded up $0.39 during midday trading on Thursday, reaching $16.09. The company’s stock had a trading volume of 26,423 shares, compared to its average volume of 14,497. The business’s fifty day simple moving average is $15.89 and its 200-day simple moving average is $16.62. Sprott Energy Transition Materials ETF has a fifty-two week low of $14.30 and a fifty-two week high of $20.95. The company has a market capitalization of $32.81 million, a P/E ratio of 13.38 and a beta of 1.81.

Sprott Energy Transition Materials ETF Announces Dividend

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

Hedge Funds 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 position in Sprott Energy Transition Materials ETF (NASDAQ:SETM – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,032,100 shares of the company’s stock, valued at approximately $15,554,000. Sprott Energy Transition Materials ETF comprises approximately 10.9% of Paul R. Ried Financial Group LLC’s investment portfolio, making the stock its 2nd largest position. Paul R. Ried Financial Group LLC owned 50.59% of Sprott Energy Transition Materials ETF as of its most recent SEC filing.

Sprott Energy Transition Materials ETF Company Profile

(Get Free Report)

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.