Sprott Lithium Miners ETF (NASDAQ:LITP) Trading Up 0.6% – Here’s Why

Sprott Lithium Miners ETF (NASDAQ:LITP) rose 0.6% on Wednesday . The stock traded as high as $6.43 and last traded at $6.33. Approximately 1,169,766 shares were traded during mid-day trading, an increase of 2,770% from the average daily volume of 40,753 shares. The stock had previously closed at $6.29.

Sprott Lithium Miners ETF Stock Up 0.6 %

The stock has a market capitalization of $5.89 million, a P/E ratio of 19.79 and a beta of 2.50. The company has a 50-day moving average price of $6.85 and a two-hundred day moving average price of $7.49.

Sprott Lithium Miners ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.4378 per share. The ex-dividend date was Thursday, December 12th.

Institutional Trading of Sprott Lithium Miners ETF

An institutional investor recently raised its position in Sprott Lithium Miners ETF stock. Jane Street Group LLC boosted its stake in shares of Sprott Lithium Miners ETF (NASDAQ:LITP) by 378.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,224 shares of the company’s stock after purchasing an additional 76,111 shares during the period. Jane Street Group LLC owned about 10.35% of Sprott Lithium Miners ETF worth $643,000 at the end of the most recent quarter.

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.