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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 4,349 shares, a decrease of 85.9% from the June 15th total of 30,760 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 27,805 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares Lithium Miners and Producers ETF

Large investors have recently made changes to their positions in the stock. Group One Trading LLC purchased a new position in shares of iShares Lithium Miners and Producers ETF in the fourth quarter valued at $77,000. Smartleaf Asset Management LLC bought a new stake in shares of iShares Lithium Miners and Producers ETF during the 4th quarter valued at $29,000. Finally, Farther Finance Advisors LLC raised its stake in shares of iShares Lithium Miners and Producers ETF by 252.4% during the 4th 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.

iShares Lithium Miners and Producers ETF Stock Down 2.0%

ILIT traded down $0.31 on Friday, hitting $15.34. The company’s stock had a trading volume of 43,842 shares, compared to its average volume of 39,840. The company’s 50 day simple moving average is $19.32 and its 200-day simple moving average is $18.20. The firm has a market cap of $16.11 million, a P/E ratio of 1.98 and a beta of 1.39. iShares Lithium Miners and Producers ETF has a 12 month low of $8.50 and a 12 month 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. Shareholders of record on Monday, June 15th were given a dividend of $0.0227 per share. The ex-dividend date was Monday, June 15th.

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.