Short Interest in Sprott Lithium Miners ETF (NASDAQ:LITP) Drops By 27.3%

Sprott Lithium Miners ETF (NASDAQ:LITP) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 12,000 shares, a decline of 27.3% from the August 15th total of 16,500 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 1.1 days.

Sprott Lithium Miners ETF Stock Down 1.3 %

NASDAQ:LITP traded down $0.09 on Friday, hitting $7.01. The stock had a trading volume of 18,858 shares, compared to its average volume of 10,914. The stock has a market cap of $5.12 million, a price-to-earnings ratio of 5.07 and a beta of 2.50. The company has a fifty day moving average price of $7.29 and a two-hundred day moving average price of $8.87. Sprott Lithium Miners ETF has a 1-year low of $6.11 and a 1-year high of $15.87.

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.