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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 36,600 shares, an increase of 89.6% from the March 15th total of 19,300 shares. Approximately 8.1% of the company’s shares are sold short. Based on an average trading volume of 5,800 shares, the short-interest ratio is presently 6.3 days.

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 iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) in the 4th quarter, according to its most recent disclosure with the 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 at the end of the most recent quarter.

iShares Lithium Miners and Producers ETF Price Performance

ILIT traded up $0.09 during midday trading on Friday, reaching $7.28. 9,402 shares of the company’s stock traded hands, compared to its average volume of 7,886. The stock has a market capitalization of $3.28 million, a price-to-earnings ratio of 1.98 and a beta of 1.33. iShares Lithium Miners and Producers ETF has a 52 week low of $6.46 and a 52 week high of $14.26. The firm has a fifty day moving average of $8.40 and a two-hundred day moving average of $9.67.

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.