Sprott Lithium Miners ETF (NASDAQ:LITP) Shares Down 1.3% – Here’s What Happened

Sprott Lithium Miners ETF (NASDAQ:LITP)’s stock price fell 1.3% on Friday . The company traded as low as $11.74 and last traded at $11.77. Approximately 71,683 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 111,677 shares. The stock had previously closed at $11.93.

Sprott Lithium Miners ETF Trading Down 1.3%

The firm’s 50 day moving average is $11.39 and its two-hundred day moving average is $13.38. The firm has a market cap of $42.49 million, a P/E ratio of 16.45 and a beta of 1.37.

Institutional Investors Weigh In On Sprott Lithium Miners ETF

Several hedge funds have recently bought and sold shares of the company. Sankala Group LLC acquired a new position in shares of Sprott Lithium Miners ETF in the 4th quarter valued at $56,000. Jane Street Group LLC acquired a new stake in Sprott Lithium Miners ETF during the 4th quarter worth $138,000. Bank of New York Mellon Corp acquired a new stake in Sprott Lithium Miners ETF during the 1st quarter worth $221,000. Susquehanna International Group LLP bought a new position in Sprott Lithium Miners ETF during the third quarter worth about $160,000. Finally, Sprott Inc. lifted its holdings in Sprott Lithium Miners ETF by 16.3% during the fourth quarter. Sprott Inc. now owns 44,740 shares of the company’s stock worth $539,000 after acquiring an additional 6,275 shares in the last quarter.

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. LITP was launched on Feb 1, 2023 and is managed by Sprott.