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

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

Sprott Lithium Miners ETF Stock Performance

The company’s fifty day moving average is $11.39 and its two-hundred day moving average is $13.38. The company has a market cap of $42.49 million, a price-to-earnings ratio of 16.45 and a beta of 1.37.

Institutional Trading of Sprott Lithium Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in Sprott Lithium Miners ETF during the fourth quarter valued at $138,000. Sprott Inc. grew its position in Sprott Lithium Miners ETF by 16.3% during the 4th quarter. Sprott Inc. now owns 44,740 shares of the company’s stock worth $539,000 after purchasing an additional 6,275 shares during the period. Susquehanna International Group LLP acquired a new stake in Sprott Lithium Miners ETF during the 3rd quarter worth about $160,000. Bank of New York Mellon Corp purchased a new position in shares of Sprott Lithium Miners ETF during the 1st quarter valued at about $221,000. Finally, Sankala Group LLC purchased a new position in shares of Sprott Lithium Miners ETF during the 4th quarter valued at about $56,000.

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.