Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Up 1,850.0% in April

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 15,600 shares, an increase of 1,850.0% from the March 31st total of 800 shares. Based on an average daily volume of 11,700 shares, the short-interest ratio is presently 1.3 days.

Sprott Lithium Miners ETF Price Performance

Shares of NASDAQ:LITP traded up $0.33 during trading on Friday, hitting $9.59. 5,649 shares of the company were exchanged, compared to its average volume of 11,244. The company has a market cap of $5.85 million, a PE ratio of 4.39 and a beta of 1.48. The stock has a 50 day moving average of $9.87 and a 200 day moving average of $10.85. Sprott Lithium Miners ETF has a 52-week low of $8.54 and a 52-week high of $20.25.

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.