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

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

Sprott Lithium Miners ETF Stock Performance

Sprott Lithium Miners ETF stock traded up $0.18 during midday trading on Friday, hitting $12.79. 129,585 shares of the company’s stock were exchanged, compared to its average volume of 272,449. The stock has a market cap of $57.04 million, a price-to-earnings ratio of 16.45 and a beta of 1.04. The firm’s 50 day simple moving average is $13.36 and its 200 day simple moving average is $10.67. Sprott Lithium Miners ETF has a 12-month low of $4.63 and a 12-month high of $16.51.

Sprott Lithium Miners ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Sprott Lithium Miners ETF in the 4th quarter worth about $138,000. Sprott Inc. boosted 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 valued at $539,000 after purchasing an additional 6,275 shares during the period. Finally, Susquehanna International Group LLP bought a new position in Sprott Lithium Miners ETF during the 3rd quarter worth $160,000.

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.