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

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 400,530 shares, a drop of 53.1% from the August 31st total of 854,280 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average trading volume of 284,787 shares, the days-to-cover ratio is currently 1.4 days.

Global X Lithium & Battery Tech ETF Stock Up 0.4%

Shares of LIT stock traded up $0.26 during trading on Tuesday, reaching $68.54. The company’s stock had a trading volume of 144,987 shares, compared to its average volume of 361,857. Global X Lithium & Battery Tech ETF has a one year low of $53.88 and a one year high of $91.98. The business has a fifty day moving average price of $72.35 and a 200-day moving average price of $76.71. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 21.25 and a beta of 1.03.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

Several large investors have recently made changes to their positions in LIT. Bank of America Corp DE increased its holdings in Global X Lithium & Battery Tech ETF by 36.8% in the 1st quarter. Bank of America Corp DE now owns 340,424 shares of the company’s stock worth $25,310,000 after purchasing an additional 91,542 shares in the last quarter. Chicago Wealth Management Inc. acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter valued at about $5,041,000. Innovative Advisory Group LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF during the second quarter worth about $2,777,000. Purpose Unlimited Inc. bought a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter worth about $1,596,000. Finally, Petra Financial Advisors Inc. acquired a new position in shares of Global X Lithium & Battery Tech ETF in the first quarter valued at approximately $730,000.

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.