Short Interest in Sprott Lithium Miners ETF (NASDAQ:LITP) Decreases By 42.2%

Sprott Lithium Miners ETF (NASDAQ:LITP) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 12,200 shares, a decline of 42.2% from the October 15th total of 21,100 shares. Based on an average daily trading volume, of 13,500 shares, the days-to-cover ratio is presently 0.9 days.

Sprott Lithium Miners ETF Stock Performance

Shares of NASDAQ LITP traded up $0.14 during midday trading on Wednesday, reaching $8.66. The stock had a trading volume of 9,013 shares, compared to its average volume of 11,617. The firm has a market cap of $7.53 million, a price-to-earnings ratio of 5.07 and a beta of 2.50. Sprott Lithium Miners ETF has a twelve month low of $6.11 and a twelve month high of $12.94. The company’s 50 day moving average price is $8.00 and its 200 day moving average price is $8.37.

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.