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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) saw a significant growth in short interest in 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. Currently, 2.8% of the company’s shares are short sold. Based on an average trading volume of 41,213 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of iShares Lithium Miners and Producers ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC purchased a new position in iShares Lithium Miners and Producers ETF during the fourth quarter worth about $77,000. Smartleaf Asset Management LLC acquired a new stake in shares of iShares Lithium Miners and Producers ETF during the fourth quarter valued at about $29,000. Finally, Farther Finance Advisors LLC raised its stake in shares of iShares Lithium Miners and Producers ETF by 252.4% in the 4th 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 during the period.

iShares Lithium Miners and Producers ETF Stock Down 2.0%

ILIT stock opened at $17.66 on Friday. The business has a fifty day moving average of $20.23 and a two-hundred day moving average of $18.10. The stock has a market cap of $19.43 million, a price-to-earnings ratio of 1.98 and a beta of 1.33. iShares Lithium Miners and Producers ETF has a 52-week low of $7.81 and a 52-week high of $23.80.

iShares Lithium Miners and Producers ETF Dividend Announcement

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

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.