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

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

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

A number of institutional investors have recently added to or reduced their stakes in LIT. Nalls Sherbakoff Group LLC bought a new position in Global X Lithium & Battery Tech ETF during the 4th quarter valued at $29,000. AlphaCore Capital LLC lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 333.3% in the fourth quarter. AlphaCore Capital LLC now owns 650 shares of the company’s stock valued at $42,000 after buying an additional 500 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the fourth quarter valued at $53,000. Parallel Advisors LLC boosted its stake in Global X Lithium & Battery Tech ETF by 58.9% during the fourth quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock valued at $64,000 after buying an additional 365 shares in the last quarter. Finally, Root Financial Partners LLC boosted its stake in Global X Lithium & Battery Tech ETF by 7,453.3% during the fourth quarter. Root Financial Partners LLC now owns 1,133 shares of the company’s stock valued at $73,000 after buying an additional 1,118 shares in the last quarter.

Global X Lithium & Battery Tech ETF Price Performance

Shares of Global X Lithium & Battery Tech ETF stock traded down $0.31 on Wednesday, hitting $77.97. The company had a trading volume of 312,528 shares, compared to its average volume of 432,703. The business has a 50-day simple moving average of $83.68 and a 200-day simple moving average of $75.77. The company has a market cap of $1.77 billion, a PE ratio of 21.25 and a beta of 1.02. Global X Lithium & Battery Tech ETF has a 52 week low of $38.16 and a 52 week high of $91.98.

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.