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

Sprott Lithium Miners ETF (NASDAQ:LITP) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 17,089 shares, a decline of 88.4% from the May 14th total of 147,431 shares. Based on an average daily trading volume, of 77,659 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

Sprott Lithium Miners ETF Price Performance

Shares of NASDAQ LITP traded down $0.62 during midday trading on Wednesday, reaching $13.10. The company’s stock had a trading volume of 44,689 shares, compared to its average volume of 147,558. Sprott Lithium Miners ETF has a 12-month low of $5.25 and a 12-month high of $18.56. The firm has a 50 day moving average price of $15.56 and a 200-day moving average price of $13.89. The stock has a market capitalization of $50.30 million, a P/E ratio of 16.45 and a beta of 1.20.

Institutional Investors Weigh In On Sprott Lithium Miners ETF

Hedge funds have recently modified their holdings of the stock. Sankala Group LLC bought a new stake in shares of Sprott Lithium Miners ETF in the 4th quarter worth approximately $56,000. Jane Street Group LLC bought a new stake in shares of Sprott Lithium Miners ETF in the 4th quarter worth approximately $138,000. Bank of New York Mellon Corp bought a new stake in shares of Sprott Lithium Miners ETF in the 1st quarter worth approximately $221,000. Susquehanna International Group LLP bought a new stake in shares of Sprott Lithium Miners ETF in the 3rd quarter worth approximately $160,000. Finally, Sprott Inc. raised its holdings in shares of Sprott Lithium Miners ETF by 189.8% in the 3rd quarter. Sprott Inc. now owns 38,465 shares of the company’s stock worth $347,000 after purchasing an additional 25,190 shares during the period.

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.