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

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

Sprott Energy Transition Materials ETF Trading Down 3.1 %

Shares of NASDAQ:SETM traded down $0.46 during trading on Monday, reaching $14.07. The company’s stock had a trading volume of 4,996 shares, compared to its average volume of 15,467. The stock has a market capitalization of $35.04 million, a PE ratio of 24.56 and a beta of 0.76. Sprott Energy Transition Materials ETF has a 12 month low of $13.74 and a 12 month high of $20.95. The firm’s 50 day simple moving average is $15.38 and its two-hundred day simple moving average is $16.54.

Hedge Funds Weigh In On Sprott Energy Transition Materials ETF

A hedge fund recently raised its stake in Sprott Energy Transition Materials ETF stock. Jane Street Group LLC boosted its position in shares of Sprott Energy Transition Materials ETF (NASDAQ:SETM) by 85.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,305 shares of the company’s stock after purchasing an additional 47,243 shares during the period. Jane Street Group LLC owned about 5.01% of Sprott Energy Transition Materials ETF worth $1,542,000 as of its most recent SEC filing.

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.