iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Stock Short Interest Declines 67.7%

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 2,719 shares, a decline of 67.7% from the August 31st total of 8,410 shares. Based on an average daily trading volume, of 8,501 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

iShares Lithium Miners and Producers ETF Stock Performance

NASDAQ:ILIT traded down $0.15 during mid-day trading on Friday, hitting $13.05. 18,071 shares of the company’s stock traded hands, compared to its average volume of 31,012. The company has a market cap of $13.05 million, a PE ratio of 1.98 and a beta of 1.49. The firm’s 50 day simple moving average is $14.45 and its 200 day simple moving average is $17.13. iShares Lithium Miners and Producers ETF has a 1 year low of $11.71 and a 1 year high of $23.80.

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.