Sprott Lithium Miners ETF (NASDAQ:LITP) Trading Up 4.3% – Here’s What Happened

Shares of Sprott Lithium Miners ETF (NASDAQ:LITP) were up 4.3% during trading on Friday . The stock traded as high as $11.22 and last traded at $11.15. 42,501 shares were traded during mid-day trading, a decline of 64% from the average session volume of 117,525 shares. The stock had previously closed at $10.69.

Sprott Lithium Miners ETF Price Performance

The business’s 50-day moving average is $12.28 and its 200 day moving average is $13.65. The firm has a market capitalization of $40.25 million, a P/E ratio of 16.45 and a beta of 1.37.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of Sprott Lithium Miners ETF in the fourth quarter valued at approximately $138,000. Sprott Inc. grew its position in Sprott Lithium Miners ETF by 16.3% during the fourth quarter. Sprott Inc. now owns 44,740 shares of the company’s stock worth $539,000 after buying an additional 6,275 shares in the last quarter. Susquehanna International Group LLP bought a new position in Sprott Lithium Miners ETF during the 3rd quarter worth $160,000. Bank of New York Mellon Corp bought a new position in Sprott Lithium Miners ETF during the 1st quarter worth $221,000. Finally, Sankala Group LLC acquired a new position in Sprott Lithium Miners ETF in the 4th quarter valued at $56,000.

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. LITP was launched on Feb 1, 2023 and is managed by Sprott.