Sprott Lithium Miners ETF (NASDAQ:LITP – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 30,528 shares, an increase of 78.6% from the May 31st total of 17,089 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 75,086 shares, the days-to-cover ratio is currently 0.4 days.
Sprott Lithium Miners ETF Trading Down 0.1%
Shares of LITP stock opened at $12.48 on Thursday. The firm’s fifty day moving average price is $15.31 and its two-hundred day moving average price is $14.09. Sprott Lithium Miners ETF has a 1 year low of $5.88 and a 1 year high of $18.56. The firm has a market capitalization of $45.55 million, a P/E ratio of 16.45 and a beta of 1.31.
Institutional Investors Weigh In On Sprott Lithium Miners ETF
Several hedge funds have recently bought and sold shares of the company. Sankala Group LLC bought a new stake in Sprott Lithium Miners ETF in the 4th quarter valued at about $56,000. Sprott Inc. increased its holdings in shares of 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 purchasing an additional 6,275 shares during the period. Jane Street Group LLC acquired a new stake in shares of Sprott Lithium Miners ETF in the fourth quarter valued at approximately $138,000. Bank of New York Mellon Corp acquired a new stake in shares of Sprott Lithium Miners ETF in the first quarter valued at approximately $221,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Sprott Lithium Miners ETF in the third quarter valued at 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.
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