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

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 119,625 shares, an increase of 157.4% from the August 15th total of 46,476 shares. Currently, 3.3% of the company’s stock are short sold. Based on an average daily volume of 50,908 shares, the days-to-cover ratio is presently 2.3 days.

Sprott Lithium Miners ETF Stock Performance

Sprott Lithium Miners ETF stock opened at $10.44 on Friday. The firm has a market cap of $37.69 million, a PE ratio of 16.45 and a beta of 1.40. The firm’s 50 day moving average price is $11.15 and its two-hundred day moving average price is $13.27. Sprott Lithium Miners ETF has a twelve month low of $7.38 and a twelve month high of $18.56.

Hedge Funds Weigh In On Sprott Lithium Miners ETF

Hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC raised its holdings in shares of Sprott Lithium Miners ETF by 19.6% during the second quarter. Citadel Advisors LLC now owns 38,190 shares of the company’s stock worth $477,000 after acquiring an additional 6,261 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Sprott Lithium Miners ETF in the 1st quarter worth about $221,000. Sankala Group LLC acquired a new position in Sprott Lithium Miners ETF in the 4th quarter worth about $56,000. Jane Street Group LLC purchased a new stake in shares of Sprott Lithium Miners ETF during the 4th quarter worth about $138,000. Finally, Sprott Inc. raised its stake in shares of Sprott Lithium Miners ETF by 16.3% during the 4th quarter. Sprott Inc. now owns 44,740 shares of the company’s stock worth $539,000 after purchasing an additional 6,275 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.