iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Short Interest Update

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 8,410 shares, a growth of 78.9% from the August 15th total of 4,701 shares. Based on an average trading volume of 7,207 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.8% of the shares of the company are short sold.

iShares Lithium Miners and Producers ETF Price Performance

Shares of ILIT traded up $0.30 on Thursday, reaching $13.68. 4,182 shares of the stock traded hands, compared to its average volume of 31,765. The stock’s 50-day moving average price is $14.62 and its 200-day moving average price is $17.30. The firm has a market cap of $27.35 million, a price-to-earnings ratio of 1.98 and a beta of 1.49. iShares Lithium Miners and Producers ETF has a 12 month low of $10.75 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.