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

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 766,315 shares, an increase of 44.9% from the February 12th total of 528,971 shares. Based on an average daily trading volume, of 296,960 shares, the short-interest ratio is currently 2.6 days. Approximately 3.3% of the company’s stock are sold short. Approximately 3.3% of the company’s stock are sold short. Based on an average daily trading volume, of 296,960 shares, the short-interest ratio is currently 2.6 days.

Global X Lithium & Battery Tech ETF Trading Down 1.1%

Shares of NYSEARCA LIT traded down $0.75 during mid-day trading on Friday, reaching $70.40. The company had a trading volume of 270,147 shares, compared to its average volume of 428,425. The firm has a 50 day simple moving average of $71.85 and a two-hundred day simple moving average of $63.58. Global X Lithium & Battery Tech ETF has a 52-week low of $31.44 and a 52-week high of $78.00. The stock has a market cap of $1.65 billion, a P/E ratio of 21.25 and a beta of 1.05.

Institutional Trading of Global X Lithium & Battery Tech ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in LIT. Kilter Group LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF in the 2nd quarter valued at about $26,000. Nalls Sherbakoff Group LLC purchased a new position in Global X Lithium & Battery Tech ETF during the 4th quarter worth approximately $29,000. Total Investment Management Inc. acquired a new position in Global X Lithium & Battery Tech ETF during the second quarter worth approximately $33,000. TD Waterhouse Canada Inc. increased its position in Global X Lithium & Battery Tech ETF by 103.4% during the third quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock worth $38,000 after buying an additional 337 shares during the period. Finally, AlphaCore Capital LLC lifted its stake in Global X Lithium & Battery Tech ETF by 333.3% in the fourth quarter. AlphaCore Capital LLC now owns 650 shares of the company’s stock valued at $42,000 after buying an additional 500 shares during the last quarter.

Global X Lithium & Battery Tech ETF Company Profile

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.