Sprott Lithium Miners ETF (NASDAQ:LITP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Sprott Lithium Miners ETF (NASDAQ:LITP) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.05 and traded as low as $7.74. Sprott Lithium Miners ETF shares last traded at $7.83, with a volume of 17,755 shares changing hands.

Sprott Lithium Miners ETF Stock Performance

The firm has a 50-day moving average price of $8.43 and a two-hundred day moving average price of $8.04. The firm has a market cap of $6.26 million, a price-to-earnings ratio of 5.07 and a beta of 2.50.

Sprott Lithium Miners ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4378 per share. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Inflows and Outflows

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

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.