Short Interest in Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Decreases By 43.9%

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 427,241 shares, a drop of 43.9% from the May 31st total of 761,395 shares. Based on an average daily trading volume, of 754,307 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Global X Lithium & Battery Tech ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PFG Investments LLC raised its position in shares of Global X Lithium & Battery Tech ETF by 2.8% during the 1st quarter. PFG Investments LLC now owns 5,203 shares of the company’s stock worth $387,000 after purchasing an additional 141 shares during the period. Wealthspire Advisors LLC boosted its position in Global X Lithium & Battery Tech ETF by 2.2% during the 4th quarter. Wealthspire Advisors LLC now owns 7,765 shares of the company’s stock valued at $504,000 after purchasing an additional 168 shares during the period. Centaurus Financial Inc. boosted its position in Global X Lithium & Battery Tech ETF by 4.1% during the 3rd quarter. Centaurus Financial Inc. now owns 4,593 shares of the company’s stock valued at $261,000 after purchasing an additional 181 shares during the period. Realta Investment Advisors grew its stake in Global X Lithium & Battery Tech ETF by 26.1% during the 1st quarter. Realta Investment Advisors now owns 1,231 shares of the company’s stock worth $92,000 after buying an additional 255 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in Global X Lithium & Battery Tech ETF by 3.7% during the 1st quarter. NewEdge Advisors LLC now owns 7,848 shares of the company’s stock worth $583,000 after buying an additional 282 shares during the last quarter.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of NYSEARCA LIT traded down $0.31 during midday trading on Wednesday, hitting $77.97. The company’s stock had a trading volume of 312,528 shares, compared to its average volume of 432,703. Global X Lithium & Battery Tech ETF has a 1-year low of $38.16 and a 1-year high of $91.98. The firm’s fifty day moving average price is $83.68 and its 200-day moving average price is $75.77. The firm has a market cap of $1.77 billion, a P/E ratio of 21.25 and a beta of 1.02.

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.