iShares Lithium Miners and Producers ETF (NASDAQ:ILIT – Get Free Report) was the target of a significant decline in short interest in the month of 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 35,214 shares, the short-interest ratio is currently 0.0 days.
iShares Lithium Miners and Producers ETF Stock Up 8.7%
Shares of NASDAQ:ILIT traded up $1.52 during midday trading on Thursday, reaching $18.94. The company’s stock had a trading volume of 66,825 shares, compared to its average volume of 41,571. The firm has a market cap of $20.83 million, a price-to-earnings ratio of 1.98 and a beta of 1.33. iShares Lithium Miners and Producers ETF has a 1 year low of $7.21 and a 1 year high of $23.80. The business has a 50 day moving average price of $20.03 and a 200 day moving average price of $17.82.
Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF
A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position 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 acquiring an additional 1,300 shares during the period. 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, Group One Trading LLC purchased a new stake in iShares Lithium Miners and Producers ETF during the fourth quarter valued at 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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