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

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,131,196 shares, a growth of 79.7% from the April 15th total of 629,420 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average daily trading volume, of 440,625 shares, the short-interest ratio is currently 2.6 days.

Global X Lithium & Battery Tech ETF Stock Down 1.2%

Shares of NYSEARCA:LIT opened at $83.03 on Tuesday. The firm has a fifty day moving average of $78.54 and a two-hundred day moving average of $71.37. The firm has a market capitalization of $2.04 billion, a P/E ratio of 21.25 and a beta of 1.03. Global X Lithium & Battery Tech ETF has a 12-month low of $35.62 and a 12-month high of $91.98.

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

Several institutional investors and hedge funds have recently modified their holdings of LIT. Bank of Montreal Can lifted its stake in shares of Global X Lithium & Battery Tech ETF by 2,888.0% in the 4th 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. lifted its stake in shares of Global X Lithium & Battery Tech ETF by 269.6% in the 3rd 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 during the last quarter. Chicago Wealth Management Inc. acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter valued at $5,041,000. BNP Paribas Financial Markets lifted its stake in shares of 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 valued at $12,285,000 after purchasing an additional 64,273 shares during the last quarter. Finally, Baker Avenue Asset Management LP acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter valued at $3,793,000.

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.