Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Sees Large Decrease in Short Interest

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4,214 shares, a decrease of 71.3% from the September 15th total of 14,676 shares. Based on an average daily volume of 33,617 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BATT. Baron Financial Group LLC boosted its holdings in Amplify Lithium & Battery Technology ETF by 18.1% in the 3rd quarter. Baron Financial Group LLC now owns 16,450 shares of the company’s stock valued at $235,000 after purchasing an additional 2,525 shares in the last quarter. Cetera Investment Advisers increased its position in Amplify Lithium & Battery Technology ETF by 65.1% during the 1st quarter. Cetera Investment Advisers now owns 65,604 shares of the company’s stock worth $977,000 after purchasing an additional 25,870 shares during the period. Finally, Harbor Asset Planning Inc. raised its stake in shares of Amplify Lithium & Battery Technology ETF by 71.0% during the 1st quarter. Harbor Asset Planning Inc. now owns 2,110 shares of the company’s stock worth $31,000 after buying an additional 876 shares in the last quarter.

Amplify Lithium & Battery Technology ETF Stock Down 1.6%

NYSEARCA:BATT traded down $0.24 during midday trading on Monday, reaching $14.44. The stock had a trading volume of 17,076 shares, compared to its average volume of 67,953. The firm has a fifty day simple moving average of $15.15 and a two-hundred day simple moving average of $15.60. Amplify Lithium & Battery Technology ETF has a 12-month low of $12.25 and a 12-month high of $18.08. The stock has a market cap of $110.47 million, a P/E ratio of 20.17 and a beta of 1.17.

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.