Sprott Lithium Miners ETF (NASDAQ:LITP) Sees Significant Increase in Short Interest

Sprott Lithium Miners ETF (NASDAQ:LITP) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 37,355 shares, an increase of 3,783.1% from the December 15th total of 962 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 110,081 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 110,081 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.1% of the shares of the stock are short sold.

Sprott Lithium Miners ETF Price Performance

NASDAQ LITP traded up $0.79 during mid-day trading on Monday, hitting $14.81. The stock had a trading volume of 377,134 shares, compared to its average volume of 181,747. The firm’s 50 day moving average is $11.94 and its 200 day moving average is $9.48. The stock has a market capitalization of $51.98 million, a price-to-earnings ratio of 16.45 and a beta of 1.04. Sprott Lithium Miners ETF has a twelve month low of $4.63 and a twelve month high of $14.86.

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. This represents a dividend yield of 780.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Trading of Sprott Lithium Miners ETF

An institutional investor recently bought a new position in Sprott Lithium Miners ETF stock. Susquehanna International Group LLP acquired a new stake in Sprott Lithium Miners ETF (NASDAQ:LITP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,717 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned approximately 0.61% of Sprott Lithium Miners ETF at the end of the most recent quarter.

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.