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 growth in short interest in January. As of January 15th, there was short interest totaling 610,659 shares, a growth of 37.5% from the December 31st total of 444,245 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 398,124 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 398,124 shares, the short-interest ratio is currently 1.5 days. Approximately 2.6% of the shares of the company are sold short.

Institutional Trading of Global X Lithium & Battery Tech ETF

A number of institutional investors have recently modified their holdings of the business. Stonebridge Financial Group LLC purchased a new stake in Global X Lithium & Battery Tech ETF in the 3rd quarter valued at about $16,334,000. Ameriprise Financial Inc. lifted its position in Global X Lithium & Battery Tech ETF by 269.6% during the third quarter. Ameriprise Financial Inc. now owns 146,158 shares of the company’s stock valued at $8,291,000 after buying an additional 106,618 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Global X Lithium & Battery Tech ETF by 42.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 216,095 shares of the company’s stock worth $12,285,000 after purchasing an additional 64,273 shares during the period. Kraft Davis & Associates LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF in the second quarter worth about $1,902,000. Finally, Marshall Investment Management LLC purchased a new position in Global X Lithium & Battery Tech ETF in the 3rd quarter worth approximately $2,549,000.

Global X Lithium & Battery Tech ETF Stock Performance

LIT traded down $3.67 during trading on Friday, reaching $69.95. The company’s stock had a trading volume of 824,714 shares, compared to its average volume of 496,886. The company’s fifty day moving average price is $66.98 and its 200-day moving average price is $57.49. Global X Lithium & Battery Tech ETF has a 52-week low of $31.44 and a 52-week high of $75.86. The company has a market capitalization of $1.64 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.