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

Sprott Energy Transition Materials ETF (NASDAQ:SETM) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 95,200 shares, a growth of 773.4% from the October 31st total of 10,900 shares. Based on an average daily trading volume, of 16,300 shares, the days-to-cover ratio is currently 5.8 days.

Sprott Energy Transition Materials ETF Trading Up 0.6 %

NASDAQ SETM traded up $0.11 during trading on Thursday, hitting $17.57. 1,894 shares of the company traded hands, compared to its average volume of 11,420. The company has a market capitalization of $31.63 million, a P/E ratio of 13.38 and a beta of 1.81. The business has a fifty day simple moving average of $18.05 and a 200 day simple moving average of $17.46. Sprott Energy Transition Materials ETF has a 12 month low of $14.30 and a 12 month high of $20.95.

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.