iShares Lithium Miners and Producers ETF (NASDAQ:ILIT – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 30,760 shares, a growth of 7,223.8% from the May 31st total of 420 shares. Based on an average daily trading volume, of 41,213 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.8% of the company’s stock are sold short.
Hedge Funds Weigh In On iShares Lithium Miners and Producers ETF
Several large investors have recently modified their holdings of ILIT. Farther Finance Advisors LLC increased its holdings in iShares Lithium Miners and Producers ETF by 252.4% in the fourth 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 last quarter. Group One Trading LLC bought a new position in iShares Lithium Miners and Producers ETF during the 4th quarter worth approximately $77,000. Finally, Smartleaf Asset Management LLC bought a new position in iShares Lithium Miners and Producers ETF during the 4th quarter worth approximately $29,000.
iShares Lithium Miners and Producers ETF Price Performance
ILIT traded down $0.36 during trading on Thursday, hitting $17.66. The company had a trading volume of 45,240 shares, compared to its average volume of 40,605. iShares Lithium Miners and Producers ETF has a 1-year low of $7.81 and a 1-year high of $23.80. The company has a market cap of $19.43 million, a PE ratio of 1.98 and a beta of 1.33. The business has a 50-day moving average of $20.23 and a 200-day moving average of $18.10.
iShares Lithium Miners and Producers ETF Announces Dividend
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.
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