Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Down 55.4% in February

Sprott Lithium Miners ETF (NASDAQ:LITP) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 74,489 shares, a decline of 55.4% from the January 29th total of 167,028 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 285,969 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 285,969 shares, the short-interest ratio is currently 0.3 days. Currently, 1.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Sprott Lithium Miners ETF

Several hedge funds have recently bought and sold shares of LITP. Jane Street Group LLC acquired a new stake in shares of Sprott Lithium Miners ETF during the 4th quarter worth approximately $138,000. Susquehanna International Group LLP purchased a new stake in Sprott Lithium Miners ETF during the third quarter worth $160,000. Finally, Sprott Inc. boosted its holdings in Sprott Lithium Miners ETF by 189.8% during the third quarter. Sprott Inc. now owns 38,465 shares of the company’s stock worth $347,000 after buying an additional 25,190 shares in the last quarter.

Sprott Lithium Miners ETF Trading Down 2.7%

LITP traded down $0.39 during midday trading on Friday, hitting $14.02. 83,160 shares of the company were exchanged, compared to its average volume of 252,568. The company’s 50 day simple moving average is $13.67 and its 200 day simple moving average is $11.17. The firm has a market capitalization of $62.53 million, a price-to-earnings ratio of 16.45 and a beta of 1.04. Sprott Lithium Miners ETF has a 1-year low of $4.63 and a 1-year high of $16.51.

Sprott Lithium Miners ETF Dividend Announcement

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

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.