Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Up 1,850.0% in April

Sprott Lithium Miners ETF (NASDAQ:LITP) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 15,600 shares, an increase of 1,850.0% from the March 31st total of 800 shares. Based on an average daily trading volume, of 11,700 shares, the short-interest ratio is currently 1.3 days.

Sprott Lithium Miners ETF Trading Up 3.6 %

Shares of LITP traded up $0.33 during mid-day trading on Friday, reaching $9.59. The company’s stock had a trading volume of 5,649 shares, compared to its average volume of 11,244. Sprott Lithium Miners ETF has a 1-year low of $8.54 and a 1-year high of $20.25. The stock has a market cap of $5.85 million, a P/E ratio of 4.39 and a beta of 1.48. The business has a 50-day simple moving average of $9.87 and a two-hundred day simple moving average of $10.85.

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.