Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Short Interest Down 53.9% in May

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) was the recipient of a significant 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. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 126,297 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BATT. Harbor Asset Planning Inc. boosted its position in Amplify Lithium & Battery Technology ETF by 71.0% in the first quarter. Harbor Asset Planning Inc. now owns 2,110 shares of the company’s stock valued at $31,000 after buying an additional 876 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of Amplify Lithium & Battery Technology ETF during the fourth quarter valued at $34,000. Root Financial Partners LLC bought a new position in shares of Amplify Lithium & Battery Technology ETF during the fourth quarter valued at $35,000. Simplex Trading LLC raised its stake in shares of Amplify Lithium & Battery Technology ETF by 1,920.4% during the fourth quarter. Simplex Trading LLC now owns 3,273 shares of the company’s stock valued at $45,000 after acquiring an additional 3,111 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Amplify Lithium & Battery Technology ETF by 16.3% during the second quarter. Osaic Holdings Inc. now owns 11,158 shares of the company’s stock valued at $104,000 after acquiring an additional 1,565 shares during the last quarter.

Amplify Lithium & Battery Technology ETF Trading Down 0.2%

Shares of BATT traded down $0.03 during midday trading on Monday, reaching $17.27. The stock had a trading volume of 79,988 shares, compared to its average volume of 85,747. The firm has a 50 day simple moving average of $16.25 and a 200-day simple moving average of $15.19. Amplify Lithium & Battery Technology ETF has a one year low of $8.56 and a one year high of $18.08. The firm has a market cap of $130.39 million, a PE 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.