iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Short Interest Up 7,223.8% in June

by · The Markets Daily

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 30,760 shares, an increase of 7,223.8% from the May 31st total of 420 shares. Based on an average daily volume of 41,213 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.8% of the shares of the company are short sold.

iShares Lithium Miners and Producers ETF Price Performance

NASDAQ ILIT opened at $16.83 on Friday. The business’s fifty day moving average is $20.18 and its 200-day moving average is $18.09. The stock has a market capitalization of $18.51 million, a price-to-earnings ratio of 1.98 and a beta of 1.33. iShares Lithium Miners and Producers ETF has a one year low of $7.81 and a one year high of $23.80.

iShares Lithium Miners and Producers ETF Announces Dividend

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

Institutional Trading of iShares Lithium Miners and Producers ETF

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in shares of iShares Lithium Miners and Producers ETF by 252.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock worth $28,000 after buying an additional 1,300 shares in the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of iShares Lithium Miners and Producers ETF in the fourth quarter worth $29,000. Finally, Group One Trading LLC bought a new position in iShares Lithium Miners and Producers ETF during the 4th quarter valued at approximately $77,000.

About iShares Lithium Miners and Producers ETF

(Get Free Report)

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.

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