iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Short Interest Down 93.4% in May

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 420 shares, a decrease of 93.4% from the May 14th total of 6,398 shares. Based on an average daily volume of 35,214 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of iShares Lithium Miners and Producers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake 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 acquiring 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 fourth quarter worth $29,000. Finally, Group One Trading LLC acquired a new stake in shares of iShares Lithium Miners and Producers ETF in the fourth quarter worth $77,000.

iShares Lithium Miners and Producers ETF Price Performance

iShares Lithium Miners and Producers ETF stock traded up $0.36 during mid-day trading on Tuesday, reaching $17.93. 69,159 shares of the company traded hands, compared to its average volume of 41,535. iShares Lithium Miners and Producers ETF has a fifty-two week low of $7.21 and a fifty-two week high of $23.80. The company has a market capitalization of $19.72 million, a price-to-earnings ratio of 1.98 and a beta of 1.33. The firm’s fifty day moving average is $19.99 and its two-hundred day moving average is $17.77.

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.