Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Sees Significant Drop in Short Interest

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 131,876 shares, a drop of 53.9% from the April 30th total of 286,365 shares. Based on an average daily trading volume, of 126,297 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Amplify Lithium & Battery Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BATT. Harbor Asset Planning Inc. increased its position in Amplify Lithium & Battery Technology ETF by 71.0% during the 1st quarter. Harbor Asset Planning Inc. now owns 2,110 shares of the company’s stock valued at $31,000 after purchasing an additional 876 shares during the period. Farther Finance Advisors LLC purchased a new position in Amplify Lithium & Battery Technology ETF during the 4th quarter valued at about $34,000. Root Financial Partners LLC purchased a new position in Amplify Lithium & Battery Technology ETF during the 4th quarter valued at about $35,000. Simplex Trading LLC increased its position in Amplify Lithium & Battery Technology ETF by 1,920.4% during the 4th quarter. Simplex Trading LLC now owns 3,273 shares of the company’s stock valued at $45,000 after purchasing an additional 3,111 shares during the period. Finally, Osaic Holdings Inc. increased its position in Amplify Lithium & Battery Technology ETF by 16.3% during the 2nd quarter. Osaic Holdings Inc. now owns 11,158 shares of the company’s stock valued at $104,000 after purchasing an additional 1,565 shares during the period.

Amplify Lithium & Battery Technology ETF Stock Up 2.5%

BATT traded up $0.43 on Tuesday, reaching $17.70. 212,445 shares of the company traded hands, compared to its average volume of 86,969. Amplify Lithium & Battery Technology ETF has a one year low of $8.64 and a one year high of $18.08. The firm has a fifty day simple moving average of $16.25 and a two-hundred day simple moving average of $15.19. The company has a market cap of $133.64 million, a P/E ratio of 20.17 and a beta of 1.12.

Amplify Lithium & Battery Technology ETF Company Profile

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. BATT was launched on Jun 6, 2018 and is managed by Amplify.