Short Interest in iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Grows By 89.6%

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 36,600 shares, an increase of 89.6% from the March 15th total of 19,300 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 6.3 days. Approximately 8.1% of the shares of the stock are short sold.

iShares Lithium Miners and Producers ETF Stock Performance

ILIT stock traded down $0.19 during midday trading on Wednesday, reaching $7.19. 9,689 shares of the company traded hands, compared to its average volume of 7,882. The firm has a market capitalization of $3.24 million, a price-to-earnings ratio of 1.98 and a beta of 1.33. The business has a 50 day moving average of $8.47 and a 200-day moving average of $9.72. iShares Lithium Miners and Producers ETF has a 52-week low of $6.46 and a 52-week high of $14.26.

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

An institutional investor recently bought a new position in iShares Lithium Miners and Producers ETF stock. Jane Street Group LLC purchased a new stake in shares of iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,086 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned about 7.57% of iShares Lithium Miners and Producers ETF as of its most recent filing with the Securities & Exchange Commission.

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.