Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Down 89.2% in December

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a large decline in short interest in the month of 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 trading volume of 44,269 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 44,269 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Sprott Lithium Miners ETF

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

Sprott Lithium Miners ETF Price Performance

Shares of LITP traded up $0.17 during mid-day trading on Thursday, reaching $12.82. The stock had a trading volume of 104,295 shares, compared to its average volume of 45,375. Sprott Lithium Miners ETF has a 52-week low of $4.63 and a 52-week high of $12.83. The firm has a market cap of $37.19 million, a price-to-earnings ratio of 16.45 and a beta of 1.04. The business’s fifty day moving average is $11.08 and its 200 day moving average is $8.76.

Sprott Lithium Miners ETF Announces Dividend

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

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.