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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 36,600 shares, a growth of 185.9% from the February 29th total of 12,800 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is currently 7.0 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. BlackRock Inc. acquired a new position in iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $3,724,000. BlackRock Inc. owned approximately 75.00% of iShares Lithium Miners and Producers ETF at the end of the most recent reporting period.

iShares Lithium Miners and Producers ETF Trading Up 1.4 %

Shares of iShares Lithium Miners and Producers ETF stock opened at $13.63 on Thursday. The business’s 50 day simple moving average is $13.61 and its 200-day simple moving average is $15.64. iShares Lithium Miners and Producers ETF has a twelve month low of $11.85 and a twelve month high of $26.33.

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.