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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,773 shares, a decrease of 81.6% from the July 15th total of 9,643 shares. Based on an average daily volume of 13,656 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

iShares Lithium Miners and Producers ETF Price Performance

Shares of iShares Lithium Miners and Producers ETF stock traded up $0.38 during midday trading on Friday, hitting $15.57. 8,635 shares of the company were exchanged, compared to its average volume of 35,359. The firm has a market cap of $15.57 million, a P/E 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. The firm has a 50 day simple moving average of $16.04 and a 200-day simple moving average of $17.68.

iShares Lithium Miners and Producers ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.0227 per share. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC acquired a new position in iShares Lithium Miners and Producers ETF in the fourth quarter valued at about $29,000. Group One Trading LLC acquired a new stake in shares of iShares Lithium Miners and Producers ETF during the fourth quarter worth approximately $77,000. Finally, Farther Finance Advisors LLC increased its holdings 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 buying an additional 1,300 shares in the last quarter.

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.