Sprott Lithium Miners ETF (NASDAQ:LITP) Sees Significant Decrease in Short Interest

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 962 shares, a decline of 89.2% from the November 30th total of 8,932 shares. Based on an average daily volume of 44,269 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 44,269 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Sprott Lithium Miners ETF

An institutional investor recently bought a new position in Sprott Lithium Miners ETF stock. Susquehanna International Group LLP bought a new position in shares of Sprott Lithium Miners ETF (NASDAQ:LITP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,717 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned approximately 0.61% of Sprott Lithium Miners ETF at the end of the most recent quarter.

Sprott Lithium Miners ETF Stock Performance

Shares of NASDAQ LITP traded up $0.17 during midday trading on Wednesday, reaching $12.82. The stock had a trading volume of 104,295 shares, compared to its average volume of 45,375. The company has a market capitalization of $37.19 million, a price-to-earnings ratio of 16.45 and a beta of 1.04. Sprott Lithium Miners ETF has a 12-month low of $4.63 and a 12-month high of $12.83. The stock has a 50-day moving average of $11.08 and a 200-day moving average of $8.76.

Sprott Lithium Miners ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were issued a dividend of $0.8927 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 780.0%.

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.