iShares Lithium Miners and Producers ETF (NASDAQ:ILIT – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 88,217 shares, a growth of 114.1% from the April 15th total of 41,197 shares. Approximately 8.0% of the company’s stock are sold short. Based on an average daily volume of 34,093 shares, the days-to-cover ratio is presently 2.6 days.
Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF
A number of institutional investors and hedge funds have recently bought and sold shares of ILIT. Farther Finance Advisors LLC boosted its stake 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 acquiring an additional 1,300 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of iShares Lithium Miners and Producers ETF in the 4th quarter valued at about $29,000. Finally, Group One Trading LLC purchased a new position in iShares Lithium Miners and Producers ETF during the 4th quarter worth approximately $77,000.
iShares Lithium Miners and Producers ETF Trading Down 3.5%
ILIT stock opened at $20.22 on Friday. The stock has a market cap of $22.24 million, a P/E ratio of 1.98 and a beta of 1.44. iShares Lithium Miners and Producers ETF has a twelve month low of $7.01 and a twelve month high of $23.80. The company’s 50 day moving average is $18.89 and its two-hundred day moving average is $17.06.
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.
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