Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Update

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 33,144 shares, a drop of 42.4% from the April 15th total of 57,543 shares. Based on an average daily trading volume, of 92,522 shares, the short-interest ratio is currently 0.4 days. Currently, 0.9% of the company’s shares are short sold.

Sprott Lithium Miners ETF Price Performance

Shares of LITP stock traded down $0.81 on Friday, hitting $15.69. The stock had a trading volume of 222,899 shares, compared to its average volume of 159,403. The company’s 50 day moving average price is $14.56 and its 200-day moving average price is $13.30. Sprott Lithium Miners ETF has a 1 year low of $5.06 and a 1 year high of $18.56. The firm has a market capitalization of $60.25 million, a P/E ratio of 16.45 and a beta of 1.28.

Institutional Trading of Sprott Lithium Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sprott Inc. boosted its stake in shares of Sprott Lithium Miners ETF by 16.3% in the fourth quarter. Sprott Inc. now owns 44,740 shares of the company’s stock valued at $539,000 after purchasing an additional 6,275 shares during the period. Susquehanna International Group LLP purchased a new stake in Sprott Lithium Miners ETF during the 3rd quarter worth approximately $160,000. Jane Street Group LLC acquired a new stake in Sprott Lithium Miners ETF during the 4th quarter worth approximately $138,000. Bank of New York Mellon Corp acquired a new stake in Sprott Lithium Miners ETF during the 1st quarter worth approximately $221,000. Finally, Sankala Group LLC purchased a new position in Sprott Lithium Miners ETF in the 4th quarter valued at approximately $56,000.

About Sprott Lithium Miners ETF

The Sprott Lithium Miners ETF (LITP) is an exchange-traded fund that is based on the Nasdaq Sprott Lithium Miners index. The fund aims to support the worldwide clean energy transition by tracking an index of global companies in the lithium industry. Securities are selected based on revenue and weighted by market-cap. LITP was launched on Feb 1, 2023 and is managed by Sprott.