Sprott Lithium Miners ETF (NASDAQ:LITP) Stock Short Interest Report for October

by · The Markets Daily

Sprott Lithium Miners ETF (NASDAQ:LITP – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 27,123 shares, a decline of 41.0% from the September 30th total of 46,008 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 29,622 shares, the days-to-cover ratio is presently 0.9 days.

Sprott Lithium Miners ETF Trading Down 6.5%

NASDAQ:LITP traded down $0.49 during midday trading on Friday, reaching $7.01. The company had a trading volume of 46,174 shares, compared to its average volume of 96,113. The stock’s fifty day simple moving average is $9.58 and its 200-day simple moving average is $12.55. The firm has a market capitalization of $25.31 million, a price-to-earnings ratio of 16.45 and a beta of 1.48. Sprott Lithium Miners ETF has a 12-month low of $6.85 and a 12-month high of $18.56.

Institutional Investors Weigh In On Sprott Lithium Miners ETF

Hedge funds have recently modified their holdings of the company. Latitude Advisors LLC acquired a new stake in Sprott Lithium Miners ETF during the third quarter worth about $36,000. Citadel Advisors LLC raised its stake in shares of Sprott Lithium Miners ETF by 19.6% in the 2nd quarter. Citadel Advisors LLC now owns 38,190 shares of the company’s stock valued at $477,000 after purchasing an additional 6,261 shares in the last quarter. Arvest Investments Inc. increased its stake in Sprott Lithium Miners ETF by 5.5% during the third quarter. Arvest Investments Inc. now owns 271,203 shares of the company’s stock valued at $2,498,000 after purchasing an additional 14,055 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Sprott Lithium Miners ETF in the first quarter worth $221,000.

Sprott Lithium Miners ETF Company Profile

(Get Free Report)

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.

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