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

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

Institutional Investors 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 acquired a new position in iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 34,086 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned approximately 7.57% of iShares Lithium Miners and Producers ETF as of its most recent SEC filing.

iShares Lithium Miners and Producers ETF Stock Performance

ILIT stock traded up $0.28 during trading on Monday, reaching $9.22. 1,533 shares of the company were exchanged, compared to its average volume of 7,790. The stock’s 50 day moving average price is $9.07 and its 200 day moving average price is $9.99. iShares Lithium Miners and Producers ETF has a 52-week low of $8.46 and a 52-week high of $14.54. The company has a market cap of $4.15 million, a P/E ratio of 1.98 and a beta of 1.33.

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.