Seven Sprott ETFs Tracking Nasdaq Indexes Will Add September and March Quarterly Rebalances

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Rhea-AI Summary

Sprott (TSX:SII), through Sprott Asset Management USA, announced changes to Nasdaq indexes tracked by seven of its ETFs, effective September 21, 2026. These indexes will adopt quarterly rebalances in March, June, September and December, with semi-annual index reconstitution aligned to June and December.

According to Sprott, the new quarterly rebalance schedule is intended to reduce index drift from the stated methodology. Impacted ETFs include SETM, URNJ, COPP, COPJ, LITP, NIKL and SLVR and their respective Nasdaq Sprott indexes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

What This Means

Sprott’s decision to implement quarterly Nasdaq index rebalances from September 21, 2026 emphasizes ...

Analysis

Sprott’s decision to implement quarterly Nasdaq index rebalances from September 21, 2026 emphasizes tighter adherence to index methodology. Investors may watch how more frequent rebalancing affects ETF tracking, liquidity, and future asset-gathering trends across its critical materials products.

Key Figures

Implementation date: September 21, 2026

1 metrics

Implementation date September 21, 2026 Start of added March and September index rebalances

Historical Context

5 past events · Latest: May 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 06	Quarterly earnings report	Positive	+20.1%	Strong Q1 2026 results with higher AUM and robust profitability metrics.
May 05	Dividend declaration	Positive	-2.9%	Announcement of US$0.40 per share first quarter 2026 dividend.
Apr 30	Fund restructuring approval	Positive	+3.5%	Unitholders approved restructuring Sprott Physical Copper Trust and planned NYSE Arca listing.
Apr 29	Earnings webcast scheduling	Neutral	+3.5%	Set date and time for releasing and discussing 2026 first quarter results.
Apr 28	Proxy and NYSE listing plan	Positive	-1.5%	Preliminary support for restructuring copper trust and anticipated NYSE Arca listing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news has produced mixed reactions, with three aligned moves and two divergences across earnings, dividend, and product-structure announcements.

Regulatory & Risk Context

Short Interest: 1.49%

Short Interest

1.49% of float

0% 15% 30%+

low as of 2026-06-15 Days to cover: 2.03

Reported short interest appears relatively low, suggesting limited short-squeeze potential and a generally lower risk of extreme volatility driven purely by short covering.

Key Terms

quarterly rebalance, index reconstitution, nasdaq indexes

3 terms

quarterly rebalance financial

"The implementation of a quarterly rebalance is intended to reduce the index drift"

A quarterly rebalance is a scheduled adjustment of a portfolio or an index that happens every three months to restore target weights for holdings or to reflect updated rules. Think of it like trimming a garden on a set schedule so each plant keeps its intended size; for investors it matters because rebalancing drives predictable buying and selling, can change a fund’s risk and exposure, and may create short-term price and tax effects.

index reconstitution financial

"will now be reconstituted on the first trading day following the third Friday"

A periodic process in which an index provider updates the list of companies and their weightings that make up a market index, based on eligibility rules, market value, sector classification, and corporate actions. It matters to investors because many funds and ETFs track indexes and must buy or sell the changed stocks, which can shift trading volume and short-term prices; think of it like a sports team updating its roster where changes affect who plays and how the game is run.

nasdaq indexes financial

"announced that the Nasdaq indexes tracked by several of its ETFs will add rebalances"

NASDAQ indexes are groups of stocks from the NASDAQ stock market bundled together to measure how particular slices of the market are performing, such as technology firms or small companies. Think of them as scoreboards or league tables that summarize broad market trends; investors use them to compare performance, set benchmarks, build passive funds, and gauge overall risk and opportunity without tracking individual companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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07/08/2026 - 08:00 AM

NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Sprott Asset Management USA, Inc., a wholly-owned subsidiary of Sprott Inc., today announced that the Nasdaq indexes tracked by several of its ETFs will add rebalances in September and March beginning September 21, 2026.

The indexes will be rebalanced on a quarterly basis in March, June, September and December, with the semi-annual index reconstitution coinciding with the June and December rebalances. The implementation of a quarterly rebalance is intended to reduce the index drift from the stated methodology.

The following Nasdaq indexes will now be reconstituted on the first trading day following the third Friday in March, June, September and December, and rebalanced on the first trading date following the third Friday in March and September:

Sprott ETF	Nasdaq Index
Sprott Critical Materials ETF (Nasdaq: SETM)	Nasdaq Sprott Critical Materials™ Index (NSETM™)
Sprott Junior Uranium Miners ETF (Nasdaq: URNJ)	Nasdaq Sprott Junior Uranium Miners™ Index (NSURNJ™)
Sprott Copper Miners ETF (Nasdaq: COPP)	Nasdaq Sprott Copper Miners™ Index (NSCOPP™)
Sprott Junior Copper Miners ETF (Nasdaq: COPJ)	Nasdaq Sprott Junior Copper Miners™ Index (NSCOPJ™)
Sprott Lithium Miners ETF (Nasdaq: LITP)	Nasdaq Sprott Lithium Miners™ Index (NSLITP™)
Sprott Nickel Miners ETF (Nasdaq: NIKL)	Nasdaq Sprott Nickel Miners™ Index (NSNIKL™)
Sprott Silver Miners & Physical Silver ETF (Nasdaq: SLVR)	Nasdaq Sprott Silver Miners™ Index (NSLVR™)

About Sprott Asset Management USA, Inc.

Sprott Asset Management USA, Inc. is a wholly-owned subsidiary of Sprott Inc. (“Sprott”). Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California. For more information, please visit www.sprott.com.

Contact:
Glen Williams
Senior Managing Partner
Investor and Institutional Client Relations
Direct: (416) 943-43945
gwilliams@sprott.com

Important Disclosures

An investor should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. To obtain a fund’s Prospectus, which contains this and other information, contact your financial professional, call 1.888.622.1813 or visit SprottETFs.com. Read the Prospectus carefully before investing.

Exchange Traded Funds (ETFs) are considered to have continuous liquidity because they allow for an individual to trade throughout the day, which may indicate higher transaction costs and result in higher taxes when fund shares are held in a taxable account.

Diversification does not protect against loss. The funds are non-diversified and can invest a greater portion of assets in securities of individual issuers, particularly those in the natural resources and/or precious metals industry, which may experience greater price volatility. Relative to other sectors, natural resources and precious metals investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.

Shares are not individually redeemable. Investors buy and sell shares of the funds on a secondary market. Only “authorized participants” may trade directly with the fund, typically in blocks of 10,000 shares.

Nasdaq®, Nasdaq Sprott Critical Materials™ Index, NSETM™, Nasdaq Sprott Junior Uranium Miners™ Index, NSURNJ™, Nasdaq Sprott Copper Miners™ Index, NSCOPP™, Nasdaq Sprott Junior Copper Miners™ Index, NSCOPJ™, Nasdaq Sprott Lithium Miners™ Index, NSLITP™, Nasdaq Sprott Nickel Miners™ Index, NSNIKL™, Nasdaq Sprott Silver Miners™ Index, and NSLVR™ are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott ETFs. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member.

ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.

FAQ

What index changes did Sprott (SII) announce for its Nasdaq-tracking ETFs on July 8, 2026?

Sprott announced new quarterly rebalances for Nasdaq indexes tracked by seven of its ETFs. According to Sprott, the affected indexes will now be rebalanced in March, June, September and December, with semi-annual index reconstitution aligned to June and December rebalances.

When will the new quarterly rebalance schedule for Sprott ETFs like SETM and URNJ begin?

The new quarterly rebalance schedule for the Nasdaq indexes tracked by Sprott ETFs begins September 21, 2026. According to Sprott, the indexes will first follow the revised timing for the September 2026 rebalance, then continue on the March, June, September and December cycle.

How often will Sprott ETFs SETM, URNJ, COPP, COPJ, LITP, NIKL and SLVR be rebalanced and reconstituted?

Their underlying Nasdaq Sprott indexes will be rebalanced quarterly and reconstituted semi-annually. According to Sprott, rebalancing will occur in March, June, September and December, while index reconstitution will coincide with the June and December rebalances on specified trading days.

On which trading days will the Nasdaq Sprott indexes tracked by Sprott ETFs be reconstituted and rebalanced?

They will be reconstituted on the first trading day after the third Friday in March, June, September and December. According to Sprott, rebalancing will occur on the first trading day after the third Friday in March and September under the revised schedule.

Why is Sprott introducing quarterly rebalances for its Nasdaq Sprott indexes?

The quarterly rebalance is intended to reduce index drift from the stated methodology. According to Sprott, aligning rebalances and semi-annual reconstitution more frequently helps the Nasdaq Sprott indexes better reflect their rules-based construction between review dates.

Which Sprott ETFs are affected by the new Nasdaq index rebalance schedule?

Seven Sprott ETFs tracking Nasdaq Sprott indexes are affected: SETM, URNJ, COPP, COPJ, LITP, NIKL and SLVR. According to Sprott, each fund’s associated Nasdaq Sprott index will adopt the new quarterly rebalance and semi-annual reconstitution timing from September 21, 2026.