iShares Lithium Miners and Producers ETF (NASDAQ:ILIT – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 88,217 shares, an increase of 114.1% from the April 15th total of 41,197 shares. Currently, 8.0% of the shares of the stock are sold short. Based on an average daily volume of 34,093 shares, the short-interest ratio is presently 2.6 days.
Hedge Funds Weigh In On iShares Lithium Miners and Producers ETF
Several large investors have recently modified their holdings of ILIT. Farther Finance Advisors LLC raised its stake 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 valued at $28,000 after acquiring an additional 1,300 shares during the last quarter. Group One Trading LLC bought a new position in shares of iShares Lithium Miners and Producers ETF during the fourth quarter valued at $77,000. Finally, Smartleaf Asset Management LLC bought a new position in shares of iShares Lithium Miners and Producers ETF during the fourth quarter valued at $29,000.
iShares Lithium Miners and Producers ETF Stock Down 3.5%
Shares of ILIT stock traded down $0.73 during trading hours on Friday, hitting $20.22. 42,879 shares of the company’s stock traded hands, compared to its average volume of 41,756. The stock’s 50 day simple moving average is $18.89 and its 200 day simple moving average is $17.09. The stock has a market cap of $22.24 million, a PE ratio of 1.98 and a beta of 1.44. iShares Lithium Miners and Producers ETF has a 12 month low of $7.01 and a 12 month 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.
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