Sprott Lithium Miners ETF (NASDAQ:LITP) Short Interest Down 23.1% in November

Posted by Stacy Sanders on Dec 14th, 2024

Sprott Lithium Miners ETF (NASDAQ:LITP – Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 8,300 shares, a drop of 23.1% from the November 15th total of 10,800 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 0.6 days.

Sprott Lithium Miners ETF Stock Performance

LITP stock traded down $0.18 during midday trading on Friday, hitting $7.20. 10,603 shares of the company’s stock were exchanged, compared to its average volume of 11,332. Sprott Lithium Miners ETF has a one year low of $6.11 and a one year high of $12.94. The company has a market cap of $6.26 million, a PE ratio of 5.07 and a beta of 2.50. The stock’s fifty day moving average price is $8.41 and its 200-day moving average price is $8.02.

Sprott Lithium Miners ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be given a $0.4378 dividend. The ex-dividend date is Thursday, December 12th.

Institutional Trading of Sprott Lithium Miners ETF

A hedge fund recently raised its stake in Sprott Lithium Miners ETF stock. Jane Street Group LLC grew its stake in Sprott Lithium Miners ETF (NASDAQ:LITP – Free Report) by 22.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,113 shares of the company’s stock after buying an additional 3,625 shares during the quarter. Jane Street Group LLC owned 2.31% of Sprott Lithium Miners ETF worth $165,000 at the end of the most recent reporting period.

About Sprott Lithium Miners ETF

(Get Free Report)

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.