iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Short Interest Up 121.7% in July

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) 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.

iShares Lithium Miners and Producers ETF Stock Performance

NASDAQ ILIT traded down $0.08 during mid-day trading on Wednesday, reaching $13.31. 4,818 shares of the stock were exchanged, compared to its average volume of 37,534. The stock has a market capitalization of $13.31 million, a PE ratio of 1.98 and a beta of 1.39. iShares Lithium Miners and Producers ETF has a 1-year low of $8.54 and a 1-year high of $23.80. The business’s fifty day simple moving average is $17.43 and its 200 day simple moving average is $18.01.

iShares Lithium Miners and Producers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.0227 dividend. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in 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 valued at $28,000 after purchasing an additional 1,300 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in iShares Lithium Miners and Producers ETF in the 4th quarter worth $29,000. Finally, Group One Trading LLC acquired a new position in iShares Lithium Miners and Producers ETF in the 4th quarter worth $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.