Short Interest in iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Drops By 30.3%

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 19,300 shares, a decline of 30.3% from the February 13th total of 27,700 shares. Based on an average trading volume of 7,800 shares, the short-interest ratio is presently 2.5 days. Approximately 4.3% of the shares of the stock are short sold.

iShares Lithium Miners and Producers ETF Stock Performance

NASDAQ:ILIT traded up $0.28 during midday trading on Monday, reaching $9.22. 1,533 shares of the stock traded hands, compared to its average volume of 7,790. iShares Lithium Miners and Producers ETF has a 12 month low of $8.46 and a 12 month high of $14.54. The company has a fifty day moving average of $9.07 and a 200 day moving average of $9.99. The stock has a market capitalization of $4.15 million, a P/E ratio of 1.98 and a beta of 1.33.

Institutional Trading of iShares Lithium Miners and Producers ETF

An institutional investor recently bought a new position in iShares Lithium Miners and Producers ETF stock. Jane Street Group LLC bought a new position in shares of iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,086 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned 7.57% of iShares Lithium Miners and Producers ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.