Short Interest in Sprott Lithium Miners ETF (NASDAQ:LITP) Decreases By 27.3%

Sprott Lithium Miners ETF (NASDAQ:LITP) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 12,000 shares, a drop of 27.3% from the August 15th total of 16,500 shares. Based on an average daily volume of 11,200 shares, the short-interest ratio is currently 1.1 days.

Sprott Lithium Miners ETF Stock Down 1.3 %

Shares of LITP opened at $7.01 on Friday. Sprott Lithium Miners ETF has a fifty-two week low of $6.11 and a fifty-two week high of $15.87. The company’s fifty day moving average is $7.29 and its two-hundred day moving average is $8.88. The firm has a market cap of $5.12 million, a PE ratio of 5.07 and a beta of 2.50.

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.