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

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 11,900 shares, an increase of 417.4% from the September 30th total of 2,300 shares. Based on an average trading volume of 11,700 shares, the short-interest ratio is presently 1.0 days.

iShares Lithium Miners and Producers ETF Trading Up 1.8 %

NASDAQ:ILIT traded up $0.20 during midday trading on Friday, reaching $11.32. The company had a trading volume of 14,709 shares, compared to its average volume of 6,895. iShares Lithium Miners and Producers ETF has a 12-month low of $8.58 and a 12-month high of $17.35. The firm has a market capitalization of $5.09 million, a price-to-earnings ratio of 6.15 and a beta of 1.33. The stock’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $11.37.

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.