iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Short Interest Down 81.6% in July

iShares Lithium Miners and Producers ETF (NASDAQ:ILITGet Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,773 shares, a decrease of 81.6% from the July 15th total of 9,643 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,656 shares, the short-interest ratio is presently 0.1 days.

iShares Lithium Miners and Producers ETF Trading Down 1.4%

Shares of NASDAQ ILIT opened at $15.01 on Wednesday. The stock has a market cap of $15.01 million, a price-to-earnings ratio of 1.98 and a beta of 1.46. The stock’s 50-day moving average is $16.21 and its 200 day moving average is $17.74. iShares Lithium Miners and Producers ETF has a 1-year low of $9.81 and a 1-year high of $23.80.

iShares Lithium Miners and Producers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0227 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in iShares Lithium Miners and Producers ETF by 252.4% during 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 period. Smartleaf Asset Management LLC bought a new position in iShares Lithium Miners and Producers ETF in the 4th quarter worth about $29,000. Finally, Group One Trading LLC purchased a new stake in iShares Lithium Miners and Producers ETF during the 4th quarter valued at about $77,000.

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.

Further Reading

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