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

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 54,562 shares, a growth of 78.7% from the June 15th total of 30,528 shares. Based on an average daily trading volume, of 43,888 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.5% of the shares of the stock are short sold.

Sprott Lithium Miners ETF Stock Down 4.7%

NASDAQ:LITP opened at $10.66 on Friday. The business’s 50-day moving average price is $14.18 and its 200 day moving average price is $14.04. Sprott Lithium Miners ETF has a 52-week low of $6.50 and a 52-week high of $18.56. The firm has a market cap of $38.48 million, a P/E ratio of 16.45 and a beta of 1.31.

Hedge Funds Weigh In On Sprott Lithium Miners ETF

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in shares of Sprott Lithium Miners ETF in the 1st quarter worth approximately $221,000. Sankala Group LLC acquired a new stake in Sprott Lithium Miners ETF during the fourth quarter valued at approximately $56,000. Jane Street Group LLC acquired a new stake in Sprott Lithium Miners ETF during the fourth quarter valued at approximately $138,000. Sprott Inc. boosted its holdings in Sprott Lithium Miners ETF by 16.3% during the fourth quarter. Sprott Inc. now owns 44,740 shares of the company’s stock worth $539,000 after buying an additional 6,275 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Sprott Lithium Miners ETF during the third quarter worth approximately $160,000.

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. LITP was launched on Feb 1, 2023 and is managed by Sprott.