Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Up 78.6% in June

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 30,528 shares, a growth of 78.6% from the May 31st total of 17,089 shares. Based on an average trading volume of 75,086 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Trading of Sprott Lithium Miners ETF

Several large investors have recently modified their holdings of the company. Sankala Group LLC acquired a new position in Sprott Lithium Miners ETF in the 4th quarter valued at $56,000. Sprott Inc. lifted its position in Sprott Lithium Miners ETF by 16.3% during the 4th quarter. Sprott Inc. now owns 44,740 shares of the company’s stock worth $539,000 after acquiring an additional 6,275 shares during the last quarter. Jane Street Group LLC acquired a new position in Sprott Lithium Miners ETF during the 4th quarter worth $138,000. Bank of New York Mellon Corp bought a new stake in Sprott Lithium Miners ETF during the first quarter valued at about $221,000. Finally, Susquehanna International Group LLP bought a new stake in Sprott Lithium Miners ETF during the third quarter valued at about $160,000.

Sprott Lithium Miners ETF Stock Down 0.3%

Shares of Sprott Lithium Miners ETF stock opened at $12.30 on Friday. The stock has a market capitalization of $44.90 million, a P/E ratio of 16.45 and a beta of 1.31. The stock has a 50 day moving average price of $15.16 and a two-hundred day moving average price of $14.08. Sprott Lithium Miners ETF has a 12-month low of $6.02 and a 12-month high of $18.56.

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. LITP was launched on Feb 1, 2023 and is managed by Sprott.