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

Sprott Energy Transition Materials ETF (NASDAQ:SETM) was the recipient of a large drop in short interest during 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 currently 0.1 days.

Sprott Energy Transition Materials ETF Trading Down 1.2 %

Shares of NASDAQ:SETM opened at $15.38 on Wednesday. The company has a market cap of $31.37 million, a PE ratio of 13.38 and a beta of 1.81. Sprott Energy Transition Materials ETF has a twelve month low of $14.30 and a twelve month high of $20.95. The company’s 50 day moving average is $16.40 and its 200 day moving average is $16.75.

Sprott Energy Transition Materials ETF Announces Dividend

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

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 position in shares of Sprott Energy Transition Materials ETF (NASDAQ:SETM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,032,100 shares of the company’s stock, valued at approximately $15,554,000. Sprott Energy Transition Materials ETF accounts for about 10.9% of Paul R. Ried Financial Group LLC’s portfolio, making the stock its 2nd largest holding. Paul R. Ried Financial Group LLC owned 50.59% of Sprott Energy Transition Materials ETF as of its most recent filing with the Securities and 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.