Sprott Lithium Miners ETF (NASDAQ:LITP – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 54,562 shares, an increase of 78.7% from the June 15th total of 30,528 shares. Based on an average daily volume of 43,888 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.5% of the shares of the company are short sold.
Sprott Lithium Miners ETF Stock Down 4.7%
Shares of LITP opened at $10.66 on Friday. The firm has a 50-day moving average price of $14.18 and a 200 day moving average price of $14.04. The firm has a market capitalization of $38.48 million, a PE ratio of 16.45 and a beta of 1.31. Sprott Lithium Miners ETF has a 52-week low of $6.50 and a 52-week high of $18.56.
Institutional Trading of Sprott Lithium Miners ETF
A number of institutional investors have recently made changes to their positions in LITP. Sankala Group LLC acquired a new position in shares of Sprott Lithium Miners ETF during the fourth quarter valued at approximately $56,000. Jane Street Group LLC acquired a new stake in Sprott Lithium Miners ETF in the fourth quarter worth approximately $138,000. Susquehanna International Group LLP acquired a new stake in Sprott Lithium Miners ETF in the third quarter worth approximately $160,000. Bank of New York Mellon Corp acquired a new stake in Sprott Lithium Miners ETF in the first quarter worth approximately $221,000. Finally, Sprott Inc. boosted its stake in Sprott Lithium Miners ETF by 16.3% during the 4th quarter. Sprott Inc. now owns 44,740 shares of the company’s stock valued at $539,000 after purchasing an additional 6,275 shares in the last quarter.
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.
Recommended Stories
- Five stocks we like better than Sprott Lithium Miners ETF
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
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.
