Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Short Interest Update

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 766,315 shares, an increase of 44.9% from the February 12th total of 528,971 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average trading volume of 296,960 shares, the short-interest ratio is presently 2.6 days. Based on an average trading volume of 296,960 shares, the short-interest ratio is presently 2.6 days. Currently, 3.3% of the shares of the stock are sold short.

Institutional Trading of Global X Lithium & Battery Tech ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BLVD Private Wealth LLC bought a new position in shares of Global X Lithium & Battery Tech ETF in the second quarter valued at $1,679,000. SG Americas Securities LLC boosted its stake in shares of Global X Lithium & Battery Tech ETF by 64.4% during the 2nd quarter. SG Americas Securities LLC now owns 23,873 shares of the company’s stock worth $917,000 after acquiring an additional 9,355 shares in the last quarter. Whitcomb & Hess Inc. boosted its stake in shares of Global X Lithium & Battery Tech ETF by 7.8% during the 3rd quarter. Whitcomb & Hess Inc. now owns 206,915 shares of the company’s stock worth $11,763,000 after acquiring an additional 14,894 shares in the last quarter. Pinnbrook Capital Management LP acquired a new position in shares of Global X Lithium & Battery Tech ETF in the 2nd quarter worth $1,479,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the third quarter worth $607,000.

Global X Lithium & Battery Tech ETF Trading Down 1.1%

Shares of NYSEARCA LIT opened at $70.40 on Friday. Global X Lithium & Battery Tech ETF has a twelve month low of $31.44 and a twelve month high of $78.00. The firm has a 50-day moving average of $71.85 and a two-hundred day moving average of $63.35. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05.

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. 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.