iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Shares Shorted: Short Interest Down 67.7% in September

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,719 shares, a drop of 67.7% from the August 31st total of 8,410 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 8,501 shares, the days-to-cover ratio is presently 0.3 days.

iShares Lithium Miners and Producers ETF Trading Up 0.9%

Shares of ILIT traded up $0.11 during mid-day trading on Tuesday, hitting $12.79. 1,492 shares of the company’s stock were exchanged, compared to its average volume of 30,710. iShares Lithium Miners and Producers ETF has a fifty-two week low of $11.97 and a fifty-two week high of $23.80. The business’s 50 day moving average is $14.44 and its two-hundred day moving average is $17.11. The firm has a market capitalization of $12.79 million, a P/E ratio of 1.98 and a beta of 1.49.

About iShares Lithium Miners and Producers ETF

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.