iShares Lithium Miners and Producers ETF (NASDAQ:ILIT – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,398 shares, a decline of 92.7% from the April 30th total of 88,217 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 56,929 shares, the days-to-cover ratio is currently 0.1 days.
iShares Lithium Miners and Producers ETF Stock Down 0.7%
iShares Lithium Miners and Producers ETF stock traded down $0.15 on Wednesday, hitting $20.28. The company’s stock had a trading volume of 53,876 shares, compared to its average volume of 41,773. The firm has a market cap of $22.31 million, a P/E ratio of 1.98 and a beta of 1.44. The company has a fifty day moving average price of $19.36 and a 200-day moving average price of $17.42. iShares Lithium Miners and Producers ETF has a one year low of $7.01 and a one year high of $23.80.
Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in 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 valued at $28,000 after buying an additional 1,300 shares during the period. Group One Trading LLC acquired a new stake in shares of iShares Lithium Miners and Producers ETF in the 4th quarter valued at $77,000. Finally, Smartleaf Asset Management LLC acquired a new stake in shares of iShares Lithium Miners and Producers ETF in the 4th quarter valued at $29,000.
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.
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