Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Short Interest Up 125.0% in August

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 854,280 shares, a growth of 125.0% from the August 15th total of 379,627 shares. Based on an average trading volume of 276,312 shares, the days-to-cover ratio is presently 3.1 days. Currently, 4.0% of the company’s stock are short sold.

Institutional Trading of Global X Lithium & Battery Tech ETF

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in Global X Lithium & Battery Tech ETF by 9.9% during the second quarter. Integrated Wealth Concepts LLC now owns 18,750 shares of the company’s stock worth $1,468,000 after buying an additional 1,687 shares during the period. RFG Advisory LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the second quarter valued at approximately $287,000. Baird Financial Group Inc. grew its position in shares of Global X Lithium & Battery Tech ETF by 13.6% during the second quarter. Baird Financial Group Inc. now owns 3,634 shares of the company’s stock worth $284,000 after acquiring an additional 434 shares during the last quarter. Corient Private Wealth LP acquired a new position in shares of Global X Lithium & Battery Tech ETF in the 2nd quarter valued at $354,000. Finally, Ameritas Advisory Services LLC increased its holdings in shares of Global X Lithium & Battery Tech ETF by 28.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 23,098 shares of the company’s stock valued at $1,808,000 after acquiring an additional 5,080 shares during the period.

Global X Lithium & Battery Tech ETF Stock Performance

NYSEARCA LIT traded up $0.13 during trading hours on Tuesday, hitting $70.10. The company had a trading volume of 192,515 shares, compared to its average volume of 375,746. Global X Lithium & Battery Tech ETF has a 1-year low of $51.37 and a 1-year high of $91.98. The company has a market cap of $1.51 billion, a PE ratio of 21.25 and a beta of 1.03. The business has a 50 day moving average of $72.52 and a 200-day moving average of $76.90.

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.