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

Sprott Lithium Miners ETF (NASDAQ:LITP) saw a large 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 company’s shares are sold short. 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 company’s shares are sold short.

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) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 Stock Up 5.6%

NASDAQ:LITP traded up $0.79 on Monday, reaching $14.81. 377,134 shares of the company’s stock were exchanged, compared to its average volume of 181,747. The firm 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 52-week low of $4.63 and a 52-week high of $14.86. The business has a fifty day moving average of $11.94 and a 200-day moving average of $9.48.

Sprott Lithium Miners ETF Dividend Announcement

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

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.