Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sees Significant Drop in Short Interest

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 528,971 shares, a decrease of 25.9% from the January 29th total of 713,814 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average trading volume of 491,602 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 491,602 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

Hedge funds have recently bought and sold shares of the stock. BLVD Private Wealth LLC bought a new stake in Global X Lithium & Battery Tech ETF during the 2nd quarter valued at $1,679,000. SG Americas Securities LLC boosted its holdings in shares of Global X Lithium & Battery Tech ETF by 64.4% during the second quarter. SG Americas Securities LLC now owns 23,873 shares of the company’s stock worth $917,000 after purchasing an additional 9,355 shares during the period. Whitcomb & Hess Inc. boosted its holdings in shares of Global X Lithium & Battery Tech ETF by 7.8% during the third quarter. Whitcomb & Hess Inc. now owns 206,915 shares of the company’s stock worth $11,763,000 after purchasing an additional 14,894 shares during the period. Pinnbrook Capital Management LP bought a new stake in shares of Global X Lithium & Battery Tech ETF in the second quarter worth about $1,479,000. Finally, Arrowroot Family Office LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the second quarter worth about $363,000.

Global X Lithium & Battery Tech ETF Price Performance

Shares of NYSEARCA:LIT traded up $0.79 on Wednesday, hitting $71.14. The company’s stock had a trading volume of 312,296 shares, compared to its average volume of 457,993. The company has a market capitalization of $1.67 billion, a PE ratio of 21.25 and a beta of 1.05. The company has a 50-day simple moving average of $71.17 and a 200 day simple moving average of $62.24. Global X Lithium & Battery Tech ETF has a 1 year low of $31.44 and a 1 year high of $78.00.

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.