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 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. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 92,522 shares, the short-interest ratio is presently 0.4 days.

Sprott Lithium Miners ETF Trading Down 4.9%

NASDAQ:LITP traded down $0.81 during midday trading on Friday, reaching $15.69. The company had a trading volume of 222,899 shares, compared to its average volume of 159,403. Sprott Lithium Miners ETF has a 12-month low of $5.06 and a 12-month high of $18.56. The firm has a market capitalization of $60.25 million, a price-to-earnings ratio of 16.45 and a beta of 1.28. The stock’s fifty day simple moving average is $14.56 and its 200-day simple moving average is $13.30.

Hedge Funds Weigh In On Sprott Lithium Miners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sankala Group LLC purchased a new stake in shares of Sprott Lithium Miners ETF during the fourth quarter worth approximately $56,000. Jane Street Group LLC purchased a new position in Sprott Lithium Miners ETF in the fourth quarter worth approximately $138,000. Bank of New York Mellon Corp purchased a new position in Sprott Lithium Miners ETF in the first quarter worth approximately $221,000. Susquehanna International Group LLP acquired a new position in Sprott Lithium Miners ETF during the 3rd quarter worth approximately $160,000. Finally, Sprott Inc. grew its holdings in Sprott Lithium Miners ETF by 189.8% during the 3rd quarter. Sprott Inc. now owns 38,465 shares of the company’s stock worth $347,000 after acquiring an additional 25,190 shares in the last quarter.

Sprott Lithium Miners ETF Company Profile

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.