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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 2,719 shares, a decline of 67.7% from the August 31st total of 8,410 shares. Based on an average trading volume of 8,501 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

iShares Lithium Miners and Producers ETF Stock Performance

Shares of NASDAQ:ILIT traded down $0.36 during trading hours on Monday, hitting $12.69. 3,849 shares of the company’s stock traded hands, compared to its average volume of 30,864. The company’s fifty day simple moving average is $14.45 and its two-hundred day simple moving average is $17.14. iShares Lithium Miners and Producers ETF has a 52 week low of $11.88 and a 52 week high of $23.80. The company has a market cap of $12.69 million, a price-to-earnings ratio of 1.98 and a beta of 1.49.

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. ILIT was launched on Jun 21, 2023 and is managed by BlackRock.