Short Interest in Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Decreases By 47.1%

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 123,820 shares, a decrease of 47.1% from the January 29th total of 233,868 shares. Based on an average daily volume of 64,732 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.7% of the company’s stock are short sold. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 64,732 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On Amplify Lithium & Battery Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BATT. Beacon Pointe Advisors LLC raised its stake in shares of Amplify Lithium & Battery Technology ETF by 8.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 12,839 shares of the company’s stock valued at $177,000 after purchasing an additional 968 shares during the period. Osaic Holdings Inc. boosted its position in shares of Amplify Lithium & Battery Technology ETF by 16.3% during the second quarter. Osaic Holdings Inc. now owns 11,158 shares of the company’s stock worth $104,000 after buying an additional 1,565 shares during the period. Farther Finance Advisors LLC bought a new position in shares of Amplify Lithium & Battery Technology ETF during the fourth quarter worth about $34,000. Root Financial Partners LLC bought a new position in shares of Amplify Lithium & Battery Technology ETF during the fourth quarter worth about $35,000. Finally, Simplex Trading LLC raised its position in Amplify Lithium & Battery Technology ETF by 1,920.4% in the 4th quarter. Simplex Trading LLC now owns 3,273 shares of the company’s stock valued at $45,000 after buying an additional 3,111 shares during the last quarter.

Amplify Lithium & Battery Technology ETF Stock Performance

BATT stock traded up $0.05 during mid-day trading on Friday, hitting $16.26. 81,372 shares of the company were exchanged, compared to its average volume of 83,281. Amplify Lithium & Battery Technology ETF has a 1-year low of $6.78 and a 1-year high of $16.68. The firm’s 50 day simple moving average is $15.14 and its 200 day simple moving average is $13.53. The firm has a market cap of $120.32 million, a P/E ratio of 20.17 and a beta of 1.15.

About Amplify Lithium & Battery Technology ETF

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. BATT was launched on Jun 6, 2018 and is managed by Amplify.