Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sees Large Increase in Short Interest

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

Global X Lithium & Battery Tech ETF Trading Down 1.1%

Shares of Global X Lithium & Battery Tech ETF stock opened at $70.40 on Friday. Global X Lithium & Battery Tech ETF has a 1 year low of $31.44 and a 1 year high of $78.00. The company has a market cap of $1.65 billion, a P/E ratio of 21.25 and a beta of 1.05. The stock has a 50-day moving average price of $71.85 and a 200 day moving average price of $63.35.

Institutional Trading of Global X Lithium & Battery Tech ETF

A number of hedge funds have recently made changes to their positions in LIT. Nalls Sherbakoff Group LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter worth approximately $29,000. AlphaCore Capital LLC increased its position in Global X Lithium & Battery Tech ETF by 333.3% during the 4th quarter. AlphaCore Capital LLC now owns 650 shares of the company’s stock valued at $42,000 after buying an additional 500 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in Global X Lithium & Battery Tech ETF by 103.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock valued at $38,000 after buying an additional 337 shares in the last quarter. Kilter Group LLC purchased a new position in Global X Lithium & Battery Tech ETF during the second quarter valued at $26,000. Finally, ORG Wealth Partners LLC purchased a new position in Global X Lithium & Battery Tech ETF during the fourth quarter valued at $53,000.

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.