iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Short Interest Update

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,410 shares, an increase of 78.9% from the August 15th total of 4,701 shares. Based on an average daily trading volume, of 7,207 shares, the short-interest ratio is currently 1.2 days. Approximately 0.8% of the shares of the stock are short sold.

iShares Lithium Miners and Producers ETF Stock Down 1.5%

NASDAQ ILIT traded down $0.20 during trading hours on Wednesday, hitting $13.36. 2,971 shares of the company were exchanged, compared to its average volume of 31,921. iShares Lithium Miners and Producers ETF has a 52 week low of $10.71 and a 52 week high of $23.80. The stock has a 50-day moving average price of $14.67 and a 200 day moving average price of $17.34. The stock has a market cap of $26.70 million, a PE ratio of 1.98 and a beta of 1.49.

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.