iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Sees Significant Growth in Short Interest

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 4,701 shares, a growth of 165.1% from the July 30th total of 1,773 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 10,304 shares, the short-interest ratio is presently 0.5 days.

iShares Lithium Miners and Producers ETF Stock Down 0.6%

Shares of ILIT stock opened at $15.51 on Friday. The firm has a 50 day moving average of $15.32 and a 200-day moving average of $17.53. The company has a market cap of $15.51 million, a price-to-earnings ratio of 1.98 and a beta of 1.46. iShares Lithium Miners and Producers ETF has a 52 week low of $9.85 and a 52 week high of $23.80.

iShares Lithium Miners and Producers ETF Announces Dividend

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

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of iShares Lithium Miners and Producers ETF by 252.4% during the fourth 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. 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 acquired a new stake in shares of iShares Lithium Miners and Producers ETF in the 4th quarter valued at about $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.