Short Interest in Sprott Lithium Miners ETF (NASDAQ:LITP) Drops By 25.2%

Sprott Lithium Miners ETF (NASDAQ:LITP) saw a significant 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 trading volume of 29,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of Sprott Lithium Miners ETF

A hedge fund recently raised its stake in Sprott Lithium Miners ETF stock. Jane Street Group LLC boosted its position in Sprott Lithium Miners ETF (NASDAQ:LITP) by 378.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 96,224 shares of the company’s stock after buying an additional 76,111 shares during the quarter. Jane Street Group LLC owned approximately 10.35% of Sprott Lithium Miners ETF worth $643,000 as of its most recent filing with the SEC.

Sprott Lithium Miners ETF Stock Up 3.5 %

Shares of NASDAQ:LITP opened at $6.36 on Friday. The firm has a market cap of $5.91 million, a price-to-earnings ratio of 18.67 and a beta of 2.50. Sprott Lithium Miners ETF has a 12 month low of $5.80 and a 12 month high of $11.18. The company’s fifty day simple moving average is $6.70 and its 200 day simple moving average is $7.42.

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.