Stock Traders Purchase Large Volume of Tradr 2X Long LITE Daily ETF Call Options (BATS:LITX)

Tradr 2X Long LITE Daily ETF (BATS:LITX) saw unusually large options trading activity on Thursday. Investors bought 14,764 call options on the stock. This is an increase of 619% compared to the average volume of 2,052 call options.

Tradr 2X Long LITE Daily ETF Trading Up 17.0%

Shares of LITX stock traded up $5.77 during trading on Thursday, hitting $39.75. The company had a trading volume of 3,889,387 shares, compared to its average volume of 4,251,679. Tradr 2X Long LITE Daily ETF has a one year low of $9.23 and a one year high of $62.79.

Defiance Daily Target 2X Long LIT ETF is an exchange-traded fund managed by Defiance ETFs and traded under the symbol LITX on the Cboe BZX Exchange. The fund is designed to provide approximately twice the daily performance of the Global X Lithium & Battery Tech ETF, before fees and expenses.

LITX generally seeks this objective through derivatives and other financial instruments rather than by directly holding a portfolio that mirrors the underlying ETF. Its exposure is tied to companies involved in the lithium and battery-technology industries, including businesses connected to lithium mining, processing, battery production and related technologies.

The fund’s underlying thematic exposure spans companies in multiple countries and is intended to reflect the global lithium and battery supply chain.