Short Interest in Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Drops By 34.4%

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 117,173 shares, a decrease of 34.4% from the June 30th total of 178,583 shares. Based on an average trading volume of 47,815 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.5% of the company’s shares are sold short.

Amplify Lithium & Battery Technology ETF Trading Down 0.6%

Shares of NYSEARCA BATT opened at $14.34 on Friday. The firm’s 50-day moving average is $15.52 and its 200-day moving average is $15.66. Amplify Lithium & Battery Technology ETF has a 1 year low of $9.67 and a 1 year high of $18.08. The firm has a market capitalization of $115.44 million, a PE ratio of 20.17 and a beta of 1.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Asset Planning Inc. grew its holdings in shares of Amplify Lithium & Battery Technology ETF by 71.0% in the 1st quarter. Harbor Asset Planning Inc. now owns 2,110 shares of the company’s stock valued at $31,000 after buying an additional 876 shares during the period. Farther Finance Advisors LLC bought a new position in shares of Amplify Lithium & Battery Technology ETF in the 4th quarter valued at about $34,000. Root Financial Partners LLC bought a new position in Amplify Lithium & Battery Technology ETF in the fourth quarter valued at approximately $35,000. Simplex Trading LLC grew its stake in shares of Amplify Lithium & Battery Technology ETF by 1,920.4% in the fourth 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 in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Amplify Lithium & Battery Technology ETF by 16.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,158 shares of the company’s stock valued at $104,000 after acquiring an additional 1,565 shares during the period.

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.