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

iShares Lithium Miners and Producers ETF (NASDAQ:ILITGet Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 9,643 shares, an increase of 121.7% from the June 30th total of 4,349 shares. Based on an average trading volume of 24,823 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in 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 in the last quarter. Group One Trading LLC purchased a new stake in shares of iShares Lithium Miners and Producers ETF during the 4th quarter worth approximately $77,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of iShares Lithium Miners and Producers ETF during the 4th quarter worth approximately $29,000.

iShares Lithium Miners and Producers ETF Trading Up 3.1%

Shares of NASDAQ:ILIT traded up $0.41 on Thursday, reaching $13.72. 6,394 shares of the company were exchanged, compared to its average volume of 37,317. iShares Lithium Miners and Producers ETF has a 1-year low of $8.54 and a 1-year high of $23.80. The firm has a market cap of $13.72 million, a price-to-earnings ratio of 1.98 and a beta of 1.39. The company has a 50-day moving average of $17.29 and a 200-day moving average of $17.99.

iShares Lithium Miners and Producers ETF Announces Dividend

The business also recently disclosed 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 was Monday, June 15th.

iShares Lithium Miners and Producers ETF Company Profile

(Get Free Report)

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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