iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Sees Significant Increase in Short Interest

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 4,701 shares, an increase of 165.1% from the July 30th total of 1,773 shares. Based on an average daily trading volume, of 10,304 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

iShares Lithium Miners and Producers ETF Price Performance

Shares of NASDAQ:ILIT traded down $0.09 on Friday, hitting $15.51. The company’s stock had a trading volume of 4,542 shares, compared to its average volume of 33,684. The company has a market capitalization of $15.51 million, a PE ratio of 1.98 and a beta of 1.46. The company has a 50-day simple moving average of $15.32 and a 200 day simple moving average of $17.53. iShares Lithium Miners and Producers ETF has a 1 year low of $9.85 and a 1 year high of $23.80.

iShares Lithium Miners and Producers ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.0227 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

Hedge funds have recently bought and sold shares of the stock. Group One Trading LLC bought a new position in shares of iShares Lithium Miners and Producers ETF in the 4th quarter worth $77,000. Smartleaf Asset Management LLC purchased a new stake in shares of iShares Lithium Miners and Producers ETF in the 4th quarter worth about $29,000. Finally, Farther Finance Advisors LLC raised its position in shares of iShares Lithium Miners and Producers ETF by 252.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock worth $28,000 after acquiring an additional 1,300 shares in the last quarter.

iShares Lithium Miners and Producers ETF Company Profile

The iShares Lithium Miners and Producers ETF (ILIT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is passively managed, providing exposure to the lithium industry by investing in stocks of lithium miners and compound manufacturers from all around the world. ILIT was launched on Jun 21, 2023 and is managed by BlackRock.