Investors Buy Large Volume of Call Options on Defiance Daily Target 2X Long LIT ETF (BATS:LITX)

Defiance Daily Target 2X Long LIT ETF (BATS:LITX) saw some unusual options trading on Monday. Traders acquired 12,682 call options on the company. This is an increase of approximately 454% compared to the typical volume of 2,288 call options.

Defiance Daily Target 2X Long LIT ETF Trading Up 3.1%

BATS:LITX traded up $0.96 during trading hours on Monday, reaching $31.49. 971,000 shares of the company traded hands, compared to its average volume of 4,483,010. Defiance Daily Target 2X Long LIT ETF has a 1 year low of $9.23 and a 1 year high of $62.79.

Defiance Daily Target 2X Long LIT ETF is an exchange-traded fund managed by Defiance ETFs and traded under the symbol LITX on the Cboe BZX Exchange. The fund is designed to provide approximately twice the daily performance of the Global X Lithium & Battery Tech ETF, before fees and expenses.

LITX generally seeks this objective through derivatives and other financial instruments rather than by directly holding a portfolio that mirrors the underlying ETF. Its exposure is tied to companies involved in the lithium and battery-technology industries, including businesses connected to lithium mining, processing, battery production and related technologies.

The fund’s underlying thematic exposure spans companies in multiple countries and is intended to reflect the global lithium and battery supply chain.