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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the recipient of a significant growth in short interest during the month of 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 volume of 41,213 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.8% of the shares of the company are short sold.

iShares Lithium Miners and Producers ETF Stock Down 2.0%

ILIT stock traded down $0.36 during trading on Thursday, hitting $17.66. 45,240 shares of the company’s stock traded hands, compared to its average volume of 40,605. iShares Lithium Miners and Producers ETF has a 52 week low of $7.81 and a 52 week high of $23.80. The stock has a fifty day moving average price of $20.23 and a two-hundred day moving average price of $18.10. The stock has a market capitalization of $19.43 million, a price-to-earnings ratio of 1.98 and a beta of 1.33.

iShares Lithium Miners and Producers ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.0227 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted 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 worth $28,000 after acquiring an additional 1,300 shares during the last quarter. Smartleaf Asset Management LLC bought a new position in shares of iShares Lithium Miners and Producers ETF during the fourth quarter valued at approximately $29,000. Finally, Group One Trading LLC acquired a new stake in shares of iShares Lithium Miners and Producers ETF during the 4th quarter worth approximately $77,000.

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.