Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Update

Sprott Lithium Miners ETF (NASDAQ:LITP) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 167,028 shares, a decline of 29.8% from the January 15th total of 238,031 shares. Based on an average trading volume of 301,573 shares, the days-to-cover ratio is presently 0.6 days. Currently, 3.7% of the shares of the company are sold short. Currently, 3.7% of the shares of the company are sold short. Based on an average trading volume of 301,573 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Sprott Lithium Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in LITP. Sprott Inc. raised its position in Sprott Lithium Miners ETF by 16.3% during the fourth quarter. Sprott Inc. now owns 44,740 shares of the company’s stock valued at $539,000 after buying an additional 6,275 shares during the period. Jane Street Group LLC purchased a new position in Sprott Lithium Miners ETF during the 4th quarter valued at about $138,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Sprott Lithium Miners ETF in the 3rd quarter valued at about $160,000.

Sprott Lithium Miners ETF Trading Up 1.4%

Sprott Lithium Miners ETF stock traded up $0.18 during midday trading on Friday, reaching $12.79. 129,585 shares of the stock traded hands, compared to its average volume of 272,449. The firm has a fifty day moving average price of $13.36 and a two-hundred day moving average price of $10.67. Sprott Lithium Miners ETF has a fifty-two week low of $4.63 and a fifty-two week high of $16.51. The firm has a market cap of $57.04 million, a price-to-earnings ratio of 16.45 and a beta of 1.04.

Sprott Lithium Miners ETF Announces Dividend

The firm 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%.

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.