Short Interest in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Rises By 104.3%

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 955,060 shares, a growth of 104.3% from the June 30th total of 467,435 shares. Based on an average daily volume of 246,592 shares, the days-to-cover ratio is currently 3.9 days. Approximately 4.4% of the shares of the company are sold short.

Institutional Trading of Global X Lithium & Battery Tech ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. South Shore Capital Advisors bought a new stake in shares of Global X Lithium & Battery Tech ETF during the 4th quarter worth $616,000. Moran Wealth Management LLC lifted its stake in Global X Lithium & Battery Tech ETF by 28.0% in the 4th quarter. Moran Wealth Management LLC now owns 31,812 shares of the company’s stock valued at $2,063,000 after purchasing an additional 6,951 shares during the last quarter. Wick Capital Partners LLC acquired a new stake in Global X Lithium & Battery Tech ETF in the fourth quarter valued at approximately $607,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Global X Lithium & Battery Tech ETF by 493.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,630 shares of the company’s stock valued at $819,000 after buying an additional 10,500 shares in the last quarter. Finally, Baker Avenue Asset Management LP bought a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter worth $3,793,000.

Global X Lithium & Battery Tech ETF Trading Up 4.6%

NYSEARCA LIT traded up $3.07 during midday trading on Thursday, hitting $69.81. The company had a trading volume of 362,325 shares, compared to its average volume of 404,956. The firm has a 50-day moving average price of $77.17 and a 200-day moving average price of $76.47. The company has a market capitalization of $1.52 billion, a PE ratio of 21.25 and a beta of 1.02. Global X Lithium & Battery Tech ETF has a twelve month low of $40.41 and a twelve month high of $91.98.

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.