iShares Lithium Miners and Producers ETF (NASDAQ:ILIT – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 420 shares, a decline of 93.4% from the May 14th total of 6,398 shares. Based on an average daily volume of 35,214 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
iShares Lithium Miners and Producers ETF Stock Performance
Shares of ILIT traded down $0.50 during mid-day trading on Wednesday, reaching $17.43. The stock had a trading volume of 16,552 shares, compared to its average volume of 41,303. The business has a fifty day moving average of $19.99 and a 200 day moving average of $17.77. The firm has a market cap of $19.17 million, a price-to-earnings ratio of 1.98 and a beta of 1.33. iShares Lithium Miners and Producers ETF has a 12 month low of $7.21 and a 12 month high of $23.80.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of ILIT. Farther Finance Advisors LLC boosted its holdings 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 worth $28,000 after buying an additional 1,300 shares during the period. Smartleaf Asset Management LLC purchased a new stake in shares of iShares Lithium Miners and Producers ETF during the fourth quarter worth about $29,000. Finally, Group One Trading LLC purchased a new stake in shares of iShares Lithium Miners and Producers ETF during the fourth quarter worth about $77,000.
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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