Sprott Lithium Miners ETF (NASDAQ:LITP – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 46,008 shares, a decrease of 37.0% from the September 15th total of 73,075 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 42,311 shares, the days-to-cover ratio is presently 1.1 days.
Sprott Lithium Miners ETF Stock Down 2.1%
Shares of LITP stock traded down $0.16 during trading hours on Friday, hitting $7.51. 43,040 shares of the company’s stock traded hands, compared to its average volume of 99,510. The stock’s fifty day simple moving average is $10.38 and its two-hundred day simple moving average is $12.63. Sprott Lithium Miners ETF has a 12-month low of $7.50 and a 12-month high of $18.56. The stock has a market cap of $27.11 million, a price-to-earnings ratio of 16.45 and a beta of 1.48.
Institutional Trading of Sprott Lithium Miners ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sankala Group LLC purchased a new position in Sprott Lithium Miners ETF during the fourth quarter valued at $56,000. Citadel Advisors LLC grew its stake in shares of Sprott Lithium Miners ETF by 19.6% in 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 during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Sprott Lithium Miners ETF in the first quarter worth $221,000.
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.
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