iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Short Interest Up 121.7% in July

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 9,643 shares, an increase of 121.7% from the June 30th total of 4,349 shares. Based on an average daily volume of 24,823 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

iShares Lithium Miners and Producers ETF Trading Down 3.0%

Shares of NASDAQ ILIT traded down $0.41 during midday trading on Tuesday, reaching $13.34. The company’s stock had a trading volume of 6,767 shares, compared to its average volume of 37,737. The company has a 50 day moving average price of $17.54 and a 200 day moving average price of $18.05. iShares Lithium Miners and Producers ETF has a one year low of $8.54 and a one year high of $23.80. The company has a market cap of $13.34 million, a price-to-earnings ratio of 1.98 and a beta of 1.39.

iShares Lithium Miners and Producers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $0.0227 dividend. 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.