iShares Lithium Miners and Producers ETF (NASDAQ:ILIT – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 4,349 shares, a drop of 85.9% from the June 15th total of 30,760 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 27,805 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On iShares Lithium Miners and Producers ETF
A number of hedge funds have recently bought and sold shares of the business. Group One Trading LLC acquired a new stake in iShares Lithium Miners and Producers ETF in the 4th quarter worth about $77,000. Smartleaf Asset Management LLC bought a new stake in iShares Lithium Miners and Producers ETF in the 4th quarter valued at about $29,000. Finally, Farther Finance Advisors LLC grew its position in shares of iShares Lithium Miners and Producers ETF by 252.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock worth $28,000 after purchasing an additional 1,300 shares in the last quarter.
iShares Lithium Miners and Producers ETF Price Performance
ILIT traded down $0.62 during trading on Monday, hitting $14.72. The stock had a trading volume of 17,907 shares, compared to its average volume of 39,673. The company has a 50 day moving average price of $19.16 and a 200-day moving average price of $18.21. iShares Lithium Miners and Producers ETF has a one year low of $8.50 and a one year high of $23.80. The firm has a market cap of $15.46 million, a price-to-earnings ratio of 1.98 and a beta of 1.39.
iShares Lithium Miners and Producers ETF Dividend Announcement
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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