Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Short Interest Update

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 448,886 shares, a decline of 49.9% from the November 30th total of 896,613 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average trading volume of 216,073 shares, the days-to-cover ratio is currently 2.1 days. Based on an average trading volume of 216,073 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LIT. Stratos Wealth Partners LTD. acquired a new position in shares of Global X Lithium & Battery Tech ETF during the second quarter worth approximately $210,000. BLVD Private Wealth LLC bought a new stake in Global X Lithium & Battery Tech ETF during the 2nd quarter valued at $1,679,000. Truist Financial Corp increased its stake in Global X Lithium & Battery Tech ETF by 21.7% during the 2nd quarter. Truist Financial Corp now owns 12,304 shares of the company’s stock valued at $472,000 after purchasing an additional 2,193 shares in the last quarter. Pinnbrook Capital Management LP acquired a new position in Global X Lithium & Battery Tech ETF during the second quarter worth $1,479,000. Finally, Whitcomb & Hess Inc. lifted its stake in shares of Global X Lithium & Battery Tech ETF by 1.3% in the second quarter. Whitcomb & Hess Inc. now owns 192,021 shares of the company’s stock valued at $7,374,000 after buying an additional 2,452 shares in the last quarter.

Global X Lithium & Battery Tech ETF Stock Up 1.2%

LIT traded up $0.79 during midday trading on Friday, hitting $67.89. 259,904 shares of the company were exchanged, compared to its average volume of 299,516. Global X Lithium & Battery Tech ETF has a 1-year low of $31.44 and a 1-year high of $67.94. The firm has a market capitalization of $1.51 billion, a P/E ratio of 21.25 and a beta of 1.05. The firm’s 50 day moving average price is $62.50 and its 200-day moving average price is $51.88.

Global X Lithium & Battery Tech ETF Company Profile

Global X Lithium ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Lithium Index (the Index). The Index is free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure broad based equity market performance of global companies involved in the lithium industry, as defined by Structured Solutions AG. The Fund will normally invest at least 80% of its total assets in the securities of the Index and in depositary receipts based on the securities in the Index.