Sprott Energy Transition Materials ETF (NASDAQ:SETM) Sees Significant Decrease in Short Interest

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

Sprott Energy Transition Materials ETF Stock Performance

NASDAQ:SETM traded down $0.17 during trading hours on Thursday, reaching $15.96. The company’s stock had a trading volume of 21,628 shares, compared to its average volume of 12,623. The company has a market capitalization of $32.56 million, a P/E 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. The stock has a 50 day moving average price of $16.62 and a two-hundred day moving average price of $16.84.

Sprott Energy Transition Materials ETF Dividend Announcement

The company also recently announced 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 was Thursday, December 12th.

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.