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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,349 shares, a decrease of 85.9% from the June 15th total of 30,760 shares. Based on an average daily volume of 27,805 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

iShares Lithium Miners and Producers ETF Stock Performance

NASDAQ ILIT traded down $0.31 on Friday, hitting $15.34. 43,842 shares of the stock traded hands, compared to its average volume of 39,840. The business’s fifty day moving average is $19.32 and its two-hundred day moving average is $18.20. iShares Lithium Miners and Producers ETF has a 12 month low of $8.50 and a 12 month high of $23.80. The firm has a market capitalization of $16.11 million, a price-to-earnings ratio of 1.98 and a beta of 1.39.

iShares Lithium Miners and Producers ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ILIT. Group One Trading LLC purchased a new stake in iShares Lithium Miners and Producers ETF in the 4th quarter worth about $77,000. Smartleaf Asset Management LLC purchased a new stake in iShares Lithium Miners and Producers ETF during the fourth quarter valued at about $29,000. Finally, Farther Finance Advisors LLC lifted its holdings in 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 valued at $28,000 after purchasing an additional 1,300 shares during 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.