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

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 448,886 shares, a decline of 49.9% from the November 30th total of 896,613 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 216,073 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 216,073 shares, the short-interest ratio is presently 2.1 days. Approximately 2.0% of the shares of the company are sold short.

Global X Lithium & Battery Tech ETF Trading Up 1.2%

Shares of Global X Lithium & Battery Tech ETF stock traded up $0.79 during trading hours on Friday, hitting $67.89. 259,904 shares of the company were exchanged, compared to its average volume of 299,516. The business has a 50-day moving average of $62.50 and a 200-day moving average of $52.07. Global X Lithium & Battery Tech ETF has a 1 year low of $31.44 and a 1 year high of $67.94. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05.

Institutional Trading of Global X Lithium & Battery Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in shares of Global X Lithium & Battery Tech ETF during the third quarter worth about $16,334,000. BNP Paribas Financial Markets boosted its holdings in Global X Lithium & Battery Tech ETF by 42.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 216,095 shares of the company’s stock valued at $12,285,000 after purchasing an additional 64,273 shares in the last quarter. Whitcomb & Hess Inc. increased its position in Global X Lithium & Battery Tech ETF by 7.8% during the 3rd quarter. Whitcomb & Hess Inc. now owns 206,915 shares of the company’s stock worth $11,763,000 after purchasing an additional 14,894 shares during the period. UBS Group AG raised its stake in shares of Global X Lithium & Battery Tech ETF by 4.2% during the 3rd quarter. UBS Group AG now owns 157,939 shares of the company’s stock worth $8,979,000 after buying an additional 6,317 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Global X Lithium & Battery Tech ETF by 269.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 146,158 shares of the company’s stock worth $8,291,000 after buying an additional 106,618 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.