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

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

Sprott Lithium Miners ETF Trading Down 2.5 %

Shares of NASDAQ LITP traded down $0.16 during midday trading on Friday, reaching $6.15. 6,524 shares of the company were exchanged, compared to its average volume of 16,238. The stock has a fifty day simple moving average of $6.59 and a 200 day simple moving average of $7.39. Sprott Lithium Miners ETF has a 1 year low of $5.80 and a 1 year high of $11.18. The stock has a market cap of $5.72 million, a P/E ratio of 18.83 and a beta of 2.50.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sprott Lithium Miners ETF stock. Jane Street Group LLC boosted its position in shares of Sprott Lithium Miners ETF (NASDAQ:LITP) by 22.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,113 shares of the company’s stock after purchasing an additional 3,625 shares during the quarter. Jane Street Group LLC owned approximately 2.31% of Sprott Lithium Miners ETF worth $165,000 at the end of the most recent reporting period.

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.