Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw strong trading volume on Monday . 415,690 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 420,937 shares.The stock last traded at $77.34 and had previously closed at $78.30.

Global X Lithium & Battery Tech ETF Stock Down 0.9%

The business’s 50-day moving average price is $82.49 and its 200 day moving average price is $73.60. The company has a market capitalization of $1.90 billion, a P/E ratio of 21.25 and a beta of 1.01.

Hedge Funds Weigh In On Global X Lithium & Battery Tech ETF

Large investors have recently modified their holdings of the company. Nalls Sherbakoff Group LLC bought a new position in shares of Global X Lithium & Battery Tech ETF in the fourth quarter valued at approximately $29,000. AlphaCore Capital LLC boosted its position in shares of Global X Lithium & Battery Tech ETF by 333.3% in the fourth quarter. AlphaCore Capital LLC now owns 650 shares of the company’s stock valued at $42,000 after acquiring an additional 500 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Global X Lithium & Battery Tech ETF in the fourth quarter valued at approximately $53,000. Parallel Advisors LLC raised its stake in Global X Lithium & Battery Tech ETF by 58.9% in the fourth quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock valued at $64,000 after purchasing an additional 365 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in Global X Lithium & Battery Tech ETF by 7,453.3% in the fourth quarter. Root Financial Partners LLC now owns 1,133 shares of the company’s stock valued at $73,000 after purchasing an additional 1,118 shares in the last quarter.

About Global X Lithium & Battery Tech ETF

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.