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

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

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 purchased a new stake in shares of iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,086 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned about 7.57% of iShares Lithium Miners and Producers ETF as of its most recent filing with the Securities & Exchange Commission.

iShares Lithium Miners and Producers ETF Stock Performance

ILIT stock opened at $9.22 on Tuesday. The firm has a market cap of $4.15 million, a price-to-earnings ratio of 1.98 and a beta of 1.33. The firm has a 50-day simple moving average of $9.07 and a two-hundred day simple moving average of $9.99. iShares Lithium Miners and Producers ETF has a one year low of $8.46 and a one year high of $14.54.

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.