Sprott Lithium Miners ETF (NASDAQ:LITP) Sees Large Growth in Short Interest

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 42,600 shares, an increase of 453.2% from the February 28th total of 7,700 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sprott Lithium Miners ETF stock. Jane Street Group LLC boosted its stake in shares of Sprott Lithium Miners ETF (NASDAQ:LITP) by 378.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,224 shares of the company’s stock after purchasing an additional 76,111 shares during the period. Jane Street Group LLC owned about 10.35% of Sprott Lithium Miners ETF worth $643,000 at the end of the most recent reporting period.

Sprott Lithium Miners ETF Stock Performance

Shares of NASDAQ:LITP traded up $0.01 during mid-day trading on Thursday, hitting $6.29. The stock had a trading volume of 3,796 shares, compared to its average volume of 16,230. Sprott Lithium Miners ETF has a 12-month low of $5.80 and a 12-month high of $11.18. The company has a market cap of $13.89 million, a PE ratio of 18.83 and a beta of 1.20. The company’s 50 day moving average is $6.61 and its 200-day moving average is $7.40.

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.