Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Short Interest Update

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 379,627 shares, a decrease of 45.5% from the July 30th total of 696,192 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 174,542 shares, the days-to-cover ratio is presently 2.2 days.

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

Institutional investors have recently modified their holdings of the stock. Nalls Sherbakoff Group LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF during the 4th quarter valued at $29,000. AlphaCore Capital LLC increased its stake in shares of Global X Lithium & Battery Tech ETF by 333.3% in the fourth quarter. AlphaCore Capital LLC now owns 650 shares of the company’s stock worth $42,000 after acquiring an additional 500 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Global X Lithium & Battery Tech ETF by 58.9% during the fourth quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $64,000 after acquiring an additional 365 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Global X Lithium & Battery Tech ETF by 7,453.3% during the fourth quarter. Root Financial Partners LLC now owns 1,133 shares of the company’s stock worth $73,000 after acquiring an additional 1,118 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in Global X Lithium & Battery Tech ETF during the fourth quarter valued at $81,000.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of LIT stock traded down $1.06 during trading on Friday, hitting $76.07. 106,805 shares of the company were exchanged, compared to its average volume of 382,525. The business’s 50-day simple moving average is $73.49 and its 200 day simple moving average is $76.84. Global X Lithium & Battery Tech ETF has a twelve month low of $46.27 and a twelve month high of $91.98. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 21.25 and a beta of 1.02.

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.