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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,773 shares, a drop of 81.6% from the July 15th total of 9,643 shares. Based on an average trading volume of 13,656 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

Several hedge funds have recently made changes to their positions in ILIT. Smartleaf Asset Management LLC bought a new position in iShares Lithium Miners and Producers ETF in the fourth quarter worth $29,000. Group One Trading LLC purchased a new stake in iShares Lithium Miners and Producers ETF in the fourth quarter worth about $77,000. Finally, Farther Finance Advisors LLC grew its holdings in 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 purchasing an additional 1,300 shares during the period.

iShares Lithium Miners and Producers ETF Price Performance

NASDAQ:ILIT traded down $0.02 during trading hours on Thursday, hitting $15.26. The company had a trading volume of 6,324 shares, compared to its average volume of 35,533. The stock has a 50-day moving average price of $16.12 and a 200 day moving average price of $17.72. The company has a market capitalization of $15.26 million, a PE ratio of 1.98 and a beta of 1.46. iShares Lithium Miners and Producers ETF has a 52 week low of $9.81 and a 52 week high of $23.80.

iShares Lithium Miners and Producers ETF Dividend Announcement

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

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. ILIT was launched on Jun 21, 2023 and is managed by BlackRock.