Sprott Lithium Miners ETF (NASDAQ:LITP) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Sprott Lithium Miners ETF (NASDAQ:LITP) crossed 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 Trading Down 2.4 %

The firm has a market capitalization of $6.26 million, a P/E ratio of 5.07 and a beta of 2.50. The stock has a 50-day simple moving average of $8.43 and a two-hundred day simple moving average of $8.04.

Sprott Lithium Miners ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be paid a $0.4378 dividend. 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 increased its holdings in shares of Sprott Lithium Miners ETF (NASDAQ:LITP) by 22.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,113 shares of the company’s stock after purchasing an additional 3,625 shares during the period. Jane Street Group LLC owned 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.