iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Sees Significant Growth in Short Interest

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,700 shares, a growth of 237.5% from the November 15th total of 800 shares. Based on an average trading volume of 13,000 shares, the days-to-cover ratio is presently 0.2 days.

iShares Lithium Miners and Producers ETF Trading Down 2.6 %

NASDAQ ILIT traded down $0.27 on Friday, reaching $10.08. The stock had a trading volume of 10,819 shares, compared to its average volume of 7,647. iShares Lithium Miners and Producers ETF has a 1 year low of $8.58 and a 1 year high of $17.35. The business has a 50 day moving average price of $11.25 and a 200 day moving average price of $10.79. The company has a market capitalization of $4.54 million, a price-to-earnings ratio of 6.15 and a beta of 1.33.

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.