Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Up 344.8% in May

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 147,431 shares, a growth of 344.8% from the April 30th total of 33,144 shares. Based on an average daily trading volume, of 126,388 shares, the days-to-cover ratio is presently 1.2 days. Approximately 3.8% of the shares of the stock are short sold.

Sprott Lithium Miners ETF Stock Up 1.4%

Sprott Lithium Miners ETF stock opened at $16.25 on Friday. Sprott Lithium Miners ETF has a 52-week low of $5.06 and a 52-week high of $18.56. The firm has a market capitalization of $62.40 million, a price-to-earnings ratio of 16.45 and a beta of 1.28. The company has a fifty day simple moving average of $15.18 and a 200-day simple moving average of $13.69.

Institutional Investors Weigh In On Sprott Lithium Miners ETF

A number of large investors have recently modified their holdings of LITP. Sprott Inc. grew its holdings in shares of Sprott Lithium Miners ETF by 189.8% during the third quarter. Sprott Inc. now owns 38,465 shares of the company’s stock worth $347,000 after buying an additional 25,190 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Sprott Lithium Miners ETF in the third quarter valued at about $160,000. Jane Street Group LLC purchased a new stake in shares of Sprott Lithium Miners ETF in the fourth quarter valued at about $138,000. Sankala Group LLC purchased a new stake in shares of Sprott Lithium Miners ETF in the fourth quarter valued at about $56,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Sprott Lithium Miners ETF in the first quarter valued at about $221,000.

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.