Short Interest in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Drops By 43.9%

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 427,241 shares, a decrease of 43.9% from the May 31st total of 761,395 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 754,307 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Global X Lithium & Battery Tech ETF

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Global X Lithium & Battery Tech ETF by 36.8% during the first quarter. Bank of America Corp DE now owns 340,424 shares of the company’s stock valued at $25,310,000 after purchasing an additional 91,542 shares during the period. Bank of Montreal Can boosted its stake in Global X Lithium & Battery Tech ETF by 2,888.0% during the fourth quarter. Bank of Montreal Can now owns 265,692 shares of the company’s stock worth $17,233,000 after buying an additional 256,800 shares in the last quarter. BNP Paribas Financial Markets increased 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 buying an additional 64,273 shares during the period. UBS Group AG increased its holdings in Global X Lithium & Battery Tech ETF by 4.2% in the 3rd quarter. UBS Group AG now owns 157,939 shares of the company’s stock valued at $8,979,000 after buying an additional 6,317 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Global X Lithium & Battery Tech ETF by 269.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 146,158 shares of the company’s stock valued at $8,291,000 after buying an additional 106,618 shares during the period.

Global X Lithium & Battery Tech ETF Stock Performance

NYSEARCA LIT opened at $76.53 on Friday. Global X Lithium & Battery Tech ETF has a twelve month low of $38.16 and a twelve month high of $91.98. The stock has a market cap of $1.74 billion, a PE ratio of 21.25 and a beta of 1.02. The firm has a 50-day simple moving average of $83.55 and a 200 day simple moving average of $75.86.

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.