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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 27,700 shares, an increase of 62.0% from the January 31st total of 17,100 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is presently 2.9 days.

Hedge Funds Weigh In On iShares Lithium Miners and Producers ETF

A hedge fund recently bought a new stake 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 4th quarter, according to its most recent disclosure with the SEC. The fund 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 Stock Performance

Shares of iShares Lithium Miners and Producers ETF stock traded down $0.08 on Tuesday, hitting $8.66. The stock had a trading volume of 8,464 shares, compared to its average volume of 6,924. The stock has a 50 day moving average of $9.10 and a 200 day moving average of $10.04. iShares Lithium Miners and Producers ETF has a twelve month low of $8.46 and a twelve month high of $14.81. The firm has a market capitalization of $3.90 million, a P/E ratio of 1.98 and a beta of 1.33.

iShares Lithium Miners and Producers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4958 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.