Sprott Lithium Miners ETF (NASDAQ:LITP) Shares Down 1.7% – Here’s What Happened

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 traded hands 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 Stock Down 1.0 %

The stock’s fifty day moving average is $7.77 and its 200-day moving average is $7.71. The stock has a market cap of $6.53 million, a price-to-earnings ratio of 5.07 and a beta of 2.50.

Sprott Lithium Miners ETF Dividend Announcement

The company also recently disclosed 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.

Institutional Inflows and Outflows

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% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,113 shares of the company’s stock after purchasing an additional 3,625 shares during the quarter. Jane Street Group LLC owned about 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.