Sprott Lithium Miners ETF (NASDAQ:LITP) Stock Price Down 1.7% – What’s Next?

Shares of Sprott Lithium Miners ETF (NASDAQ:LITP) dropped 1.7% during mid-day trading on Tuesday . The company traded as low as $7.06 and last traded at $7.09. Approximately 6,327 shares were traded during trading, a decline of 17% from the average daily volume of 7,632 shares. The stock had previously closed at $7.21.

Sprott Lithium Miners ETF Trading Down 1.0 %

The stock has a market cap of $6.53 million, a price-to-earnings ratio of 5.07 and a beta of 2.50. The company has a 50 day simple moving average of $7.77 and a 200-day simple moving average of $7.71.

Sprott Lithium Miners ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were given a $0.4378 dividend. The ex-dividend date of this dividend was Thursday, December 12th.

Hedge Funds Weigh In On Sprott Lithium Miners ETF

An institutional investor recently raised its position in Sprott Lithium Miners ETF stock. Jane Street Group LLC lifted its holdings in Sprott Lithium Miners ETF (NASDAQ:LITP) by 22.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,113 shares of the company’s stock after purchasing an additional 3,625 shares during the quarter. Jane Street Group LLC owned 2.31% of Sprott Lithium Miners ETF worth $165,000 as of its most recent SEC filing.

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.