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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 88,217 shares, a growth of 114.1% from the April 15th total of 41,197 shares. Approximately 8.0% of the company’s shares are short sold. Based on an average daily trading volume, of 34,093 shares, the short-interest ratio is presently 2.6 days.

iShares Lithium Miners and Producers ETF Price Performance

Shares of ILIT stock opened at $20.22 on Friday. iShares Lithium Miners and Producers ETF has a one year low of $7.01 and a one year high of $23.80. The company has a market capitalization of $22.24 million, a P/E ratio of 1.98 and a beta of 1.44. The company’s 50-day simple moving average is $18.89 and its two-hundred day simple moving average is $17.06.

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

Institutional investors have recently bought and sold shares of the company. Group One Trading LLC acquired a new position in shares of iShares Lithium Miners and Producers ETF during the fourth quarter valued at approximately $77,000. Smartleaf Asset Management LLC purchased a new stake in shares of iShares Lithium Miners and Producers ETF during the fourth quarter worth approximately $29,000. Finally, Farther Finance Advisors LLC raised its stake in iShares Lithium Miners and Producers ETF by 252.4% in 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 last quarter.

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.