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 decline in short interest in the month of February. As of February 13th, there was short interest totaling 528,971 shares, a decline of 25.9% from the January 29th total of 713,814 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 491,602 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 491,602 shares, the short-interest ratio is presently 1.1 days. Currently, 2.3% of the shares of the stock are sold short.

Global X Lithium & Battery Tech ETF Price Performance

Shares of LIT traded up $0.79 during mid-day trading on Wednesday, hitting $71.14. The company’s stock had a trading volume of 312,296 shares, compared to its average volume of 457,993. Global X Lithium & Battery Tech ETF has a fifty-two week low of $31.44 and a fifty-two week high of $78.00. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05. The firm has a 50-day moving average price of $71.17 and a 200 day moving average price of $62.24.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

Several hedge funds have recently modified their holdings of the stock. Stonebridge Financial Group LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF during the 3rd quarter valued at $16,334,000. Bank of Montreal Can boosted its position in Global X Lithium & Battery Tech ETF by 2,888.0% during the fourth quarter. Bank of Montreal Can now owns 265,692 shares of the company’s stock valued at $17,233,000 after purchasing an additional 256,800 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Global X Lithium & Battery Tech ETF by 269.6% in the third quarter. Ameriprise Financial Inc. now owns 146,158 shares of the company’s stock valued at $8,291,000 after purchasing an additional 106,618 shares in the last quarter. Chicago Wealth Management Inc. acquired a new position in Global X Lithium & Battery Tech ETF in the 4th quarter worth about $5,041,000. Finally, BNP Paribas Financial Markets increased its position in Global X Lithium & Battery Tech ETF by 42.3% in 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 last quarter.

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.