Sprott Lithium Miners ETF (NASDAQ:LITP – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 73,075 shares, a decrease of 38.9% from the August 31st total of 119,625 shares. Based on an average trading volume of 48,800 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.0% of the company’s stock are sold short.
Sprott Lithium Miners ETF Price Performance
Shares of NASDAQ LITP traded down $0.30 during mid-day trading on Thursday, hitting $8.90. The company had a trading volume of 53,886 shares, compared to its average volume of 103,650. The company has a market capitalization of $32.15 million, a PE ratio of 16.45 and a beta of 1.40. The business’s 50-day simple moving average is $10.83 and its 200 day simple moving average is $12.96. Sprott Lithium Miners ETF has a 1-year low of $8.77 and a 1-year high of $18.56.
Hedge Funds Weigh In On Sprott Lithium Miners ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC raised its holdings in Sprott Lithium Miners ETF by 19.6% in the second quarter. Citadel Advisors LLC now owns 38,190 shares of the company’s stock valued at $477,000 after acquiring an additional 6,261 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Sprott Lithium Miners ETF in the first quarter worth approximately $221,000. Finally, Sankala Group LLC acquired a new position in Sprott Lithium Miners ETF during the 4th quarter worth approximately $56,000.
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. LITP was launched on Feb 1, 2023 and is managed by Sprott.
Further Reading
- Five stocks we like better than Sprott Lithium Miners ETF
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
- JPMorgan Bets on Genius Sports as the Market Loses Patience
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
Receive News & Ratings for Sprott Lithium Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott Lithium Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.
