Short Interest in Sprott Lithium Miners ETF (NASDAQ:LITP) Grows By 453.2%

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 42,600 shares, a growth of 453.2% from the February 28th total of 7,700 shares. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.9% of the shares of the stock are short sold.

Sprott Lithium Miners ETF Stock Down 1.7 %

Shares of LITP traded down $0.11 during trading hours on Wednesday, reaching $6.25. 6,779 shares of the company traded hands, compared to its average volume of 16,277. The stock has a market capitalization of $13.81 million, a PE ratio of 18.83 and a beta of 1.20. The stock has a fifty day simple moving average of $6.61 and a 200 day simple moving average of $7.40. Sprott Lithium Miners ETF has a fifty-two week low of $5.80 and a fifty-two week high of $11.18.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sprott Lithium Miners ETF stock. Jane Street Group LLC increased its position in Sprott Lithium Miners ETF (NASDAQ:LITP) by 22.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,113 shares of the company’s stock after buying an additional 3,625 shares during the period. Jane Street Group LLC owned about 2.31% of Sprott Lithium Miners ETF worth $165,000 as of its most recent SEC filing.

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.