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 increase in short interest during the month of November. As of November 30th, there was short interest totalling 2,700 shares, an increase of 237.5% from the November 15th total of 800 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is presently 0.2 days.

iShares Lithium Miners and Producers ETF Price Performance

Shares of ILIT traded down $0.05 during trading hours on Wednesday, hitting $10.33. The stock had a trading volume of 1,171 shares, compared to its average volume of 7,664. The company’s fifty day moving average is $11.27 and its two-hundred day moving average is $10.80. iShares Lithium Miners and Producers ETF has a 52 week low of $8.58 and a 52 week high of $17.35. The stock has a market capitalization of $4.65 million, a price-to-earnings ratio of 6.15 and a beta of 1.33.

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.