Sprott Lithium Miners ETF (NASDAQ:LITP) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Sprott Lithium Miners ETF (NASDAQ:LITP)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.27 and traded as low as $8.24. Sprott Lithium Miners ETF shares last traded at $8.45, with a volume of 8,871 shares traded.

Sprott Lithium Miners ETF Price Performance

The business has a fifty day moving average of $8.31 and a 200 day moving average of $8.25. The stock has a market cap of $7.35 million, a PE ratio of 5.07 and a beta of 2.50.

Institutional Trading of Sprott Lithium Miners ETF

An institutional investor recently raised its position in Sprott Lithium Miners ETF stock. Jane Street Group LLC grew its stake in shares of Sprott Lithium Miners ETF (NASDAQ:LITP) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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.