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

Sprott Lithium Miners ETF (NASDAQ:LITP) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 7,700 shares, a decrease of 25.2% from the February 13th total of 10,300 shares. Based on an average daily trading volume, of 29,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.8% of the shares of the stock are sold short.

Sprott Lithium Miners ETF Trading Up 7.0 %

LITP traded up $0.44 on Monday, reaching $6.74. The company had a trading volume of 24,550 shares, compared to its average volume of 16,209. The company has a fifty day moving average of $6.70 and a 200-day moving average of $7.42. The company has a market capitalization of $6.27 million, a P/E ratio of 18.67 and a beta of 2.50. Sprott Lithium Miners ETF has a one year low of $5.80 and a one year high of $11.18.

Hedge Funds Weigh In On Sprott Lithium Miners ETF

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

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.