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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sprott Lithium Miners ETF stock. Susquehanna International Group LLP bought a new stake in Sprott Lithium Miners ETF (NASDAQ:LITP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,717 shares of the company’s stock, valued at approximately $160,000. Susquehanna International Group LLP owned 0.61% of Sprott Lithium Miners ETF as of its most recent filing with the Securities and Exchange Commission.

Sprott Lithium Miners ETF Price Performance

LITP stock opened at $15.11 on Wednesday. The business has a fifty day moving average price of $12.05 and a 200 day moving average price of $9.54. Sprott Lithium Miners ETF has a fifty-two week low of $4.63 and a fifty-two week high of $15.31. The stock has a market capitalization of $55.76 million, a price-to-earnings ratio of 16.45 and a beta of 1.04.

Sprott Lithium Miners ETF Announces Dividend

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