iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Sees Large Increase in Short Interest

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 16,500 shares, an increase of 725.0% from the July 15th total of 2,000 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 3.8 days.

iShares Lithium Miners and Producers ETF Stock Performance

Shares of iShares Lithium Miners and Producers ETF stock traded down $0.23 during midday trading on Monday, reaching $9.21. 21,604 shares of the company’s stock traded hands, compared to its average volume of 4,901. iShares Lithium Miners and Producers ETF has a 52 week low of $9.21 and a 52 week high of $21.58. The company’s 50 day simple moving average is $10.91 and its 200 day simple moving average is $12.62. The company has a market cap of $2.30 million, a price-to-earnings ratio of 6.15 and a beta of 1.33.

iShares Lithium Miners and Producers ETF Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were issued a dividend of $0.0775 per share. The ex-dividend date of this dividend was Tuesday, June 11th.

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.