Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sets New 52-Week Low at $34.84

Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) hit a new 52-week low on Tuesday . The stock traded as low as $34.84 and last traded at $34.85, with a volume of 21612 shares. The stock had previously closed at $35.37.

Global X Lithium & Battery Tech ETF Stock Up 7.5 %

The company’s fifty day moving average is $37.90 and its 200 day moving average is $41.81. The stock has a market cap of $1.34 billion, a PE ratio of 9.79 and a beta of 1.31.

Institutional Trading of Global X Lithium & Battery Tech ETF

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new stake in Global X Lithium & Battery Tech ETF in the second quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new position in Global X Lithium & Battery Tech ETF in the 1st quarter worth about $32,000. MFA Wealth Advisors LLC purchased a new position in Global X Lithium & Battery Tech ETF during the 2nd quarter valued at about $33,000. Rothschild Investment LLC purchased a new position in Global X Lithium & Battery Tech ETF during the 2nd quarter valued at about $35,000. Finally, Fairscale Capital LLC purchased a new position in Global X Lithium & Battery Tech ETF during the 2nd quarter valued at about $35,000.

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.