Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Down 25.2% in February

Sprott Lithium Miners ETF (NASDAQ:LITP) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 7,700 shares, a decline of 25.2% from the February 13th total of 10,300 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 29,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Sprott Lithium Miners ETF

An institutional investor recently raised its position in Sprott Lithium Miners ETF stock. Jane Street Group LLC increased its holdings in shares of Sprott Lithium Miners ETF (NASDAQ:LITP) by 378.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,224 shares of the company’s stock after purchasing an additional 76,111 shares during the period. Jane Street Group LLC owned approximately 10.35% of Sprott Lithium Miners ETF worth $643,000 at the end of the most recent quarter.

Sprott Lithium Miners ETF Stock Performance

NASDAQ:LITP opened at $6.36 on Friday. Sprott Lithium Miners ETF has a 52 week low of $5.80 and a 52 week high of $11.18. The firm’s fifty day moving average is $6.70 and its 200-day moving average is $7.42. The firm has a market cap of $5.91 million, a P/E ratio of 18.67 and a beta of 2.50.

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.