Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Short Interest Up 104.3% in July

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 955,060 shares, a growth of 104.3% from the June 30th total of 467,435 shares. Based on an average daily trading volume, of 246,592 shares, the short-interest ratio is currently 3.9 days. Currently, 4.4% of the shares of the stock are short sold.

Institutional Trading of Global X Lithium & Battery Tech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of LIT. PFG Investments LLC boosted its holdings in Global X Lithium & Battery Tech ETF by 2.8% during the 1st quarter. PFG Investments LLC now owns 5,203 shares of the company’s stock valued at $387,000 after acquiring an additional 141 shares during the period. Wealthspire Advisors LLC grew its position in Global X Lithium & Battery Tech ETF by 2.2% in the 4th quarter. Wealthspire Advisors LLC now owns 7,765 shares of the company’s stock valued at $504,000 after acquiring an additional 168 shares during the last quarter. Centaurus Financial Inc. increased its stake in Global X Lithium & Battery Tech ETF by 4.1% in the third quarter. Centaurus Financial Inc. now owns 4,593 shares of the company’s stock worth $261,000 after purchasing an additional 181 shares during the period. Realta Investment Advisors increased its stake in Global X Lithium & Battery Tech ETF by 26.1% in the first quarter. Realta Investment Advisors now owns 1,231 shares of the company’s stock worth $92,000 after purchasing an additional 255 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Global X Lithium & Battery Tech ETF by 3.7% during the first quarter. NewEdge Advisors LLC now owns 7,848 shares of the company’s stock worth $583,000 after purchasing an additional 282 shares during the last quarter.

Global X Lithium & Battery Tech ETF Trading Up 4.6%

Shares of NYSEARCA LIT opened at $69.81 on Friday. Global X Lithium & Battery Tech ETF has a 12-month low of $40.41 and a 12-month high of $91.98. The firm’s 50-day moving average price is $77.17 and its 200-day moving average price is $76.47. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 21.25 and a beta of 1.02.

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.