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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the recipient of a large 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. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 24,823 shares, the short-interest ratio is presently 0.4 days.

iShares Lithium Miners and Producers ETF Trading Down 3.0%

ILIT stock traded down $0.41 during mid-day trading on Tuesday, reaching $13.34. 6,767 shares of the stock traded hands, compared to its average volume of 37,737. iShares Lithium Miners and Producers ETF has a 52-week low of $8.54 and a 52-week high of $23.80. The stock’s fifty day moving average is $17.54 and its 200-day moving average is $18.05. The company has a market cap of $13.34 million, a P/E ratio of 1.98 and a beta of 1.39.

iShares Lithium Miners and Producers ETF Announces Dividend

The company 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.

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

Several hedge funds have recently made changes to their positions in ILIT. Group One Trading LLC acquired a new position in iShares Lithium Miners and Producers ETF in the 4th quarter worth approximately $77,000. Smartleaf Asset Management LLC purchased a new position in iShares Lithium Miners and Producers ETF during the 4th quarter worth approximately $29,000. Finally, Farther Finance Advisors LLC raised its stake 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 during the period.

About iShares Lithium Miners and Producers ETF

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.