Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Sees Significant Drop in Short Interest

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 131,876 shares, a decline of 53.9% from the April 30th total of 286,365 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 126,297 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Amplify Lithium & Battery Technology ETF

A number of large investors have recently made changes to their positions in BATT. Harbor Asset Planning Inc. increased its holdings in shares of Amplify Lithium & Battery Technology ETF by 71.0% in the 1st quarter. Harbor Asset Planning Inc. now owns 2,110 shares of the company’s stock valued at $31,000 after purchasing an additional 876 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Amplify Lithium & Battery Technology ETF in the 4th quarter valued at about $34,000. Root Financial Partners LLC acquired a new position in shares of Amplify Lithium & Battery Technology ETF in the 4th quarter valued at about $35,000. Simplex Trading LLC increased its holdings in shares of Amplify Lithium & Battery Technology ETF by 1,920.4% in the 4th quarter. Simplex Trading LLC now owns 3,273 shares of the company’s stock valued at $45,000 after purchasing an additional 3,111 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Amplify Lithium & Battery Technology ETF by 16.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,158 shares of the company’s stock valued at $104,000 after purchasing an additional 1,565 shares during the period.

Amplify Lithium & Battery Technology ETF Price Performance

NYSEARCA BATT remained flat at $17.30 on Friday. The company’s stock had a trading volume of 56,800 shares, compared to its average volume of 85,804. The company’s fifty day moving average price is $16.19 and its 200 day moving average price is $15.15. The company has a market cap of $130.62 million, a price-to-earnings ratio of 20.17 and a beta of 1.12. Amplify Lithium & Battery Technology ETF has a 12-month low of $8.55 and a 12-month high of $18.08.

Amplify Lithium & Battery Technology ETF Company Profile

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. BATT was launched on Jun 6, 2018 and is managed by Amplify.