Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Shares Up 2.2% – Still a Buy?

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT)’s stock price shot up 2.2% during trading on Monday . The company traded as high as $12.82 and last traded at $12.73. 98,823 shares changed hands during trading, an increase of 209% from the average session volume of 32,004 shares. The stock had previously closed at $12.45.

Amplify Lithium & Battery Technology ETF Stock Performance

The stock has a market cap of $82.75 million, a price-to-earnings ratio of 20.17 and a beta of 1.28. The firm’s 50-day simple moving average is $11.04 and its two-hundred day simple moving average is $9.51.

Hedge Funds Weigh In On Amplify Lithium & Battery Technology ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BATT. Osaic Holdings Inc. increased its holdings in shares of Amplify Lithium & Battery Technology ETF by 16.3% in the second quarter. Osaic Holdings Inc. now owns 11,158 shares of the company’s stock worth $104,000 after acquiring an additional 1,565 shares in the last quarter. Jane Street Group LLC increased its stake in Amplify Lithium & Battery Technology ETF by 47.4% during the 2nd quarter. Jane Street Group LLC now owns 24,765 shares of the company’s stock worth $231,000 after purchasing an additional 7,964 shares in the last quarter. OLD Mission Capital LLC raised its holdings in Amplify Lithium & Battery Technology ETF by 55.9% during the 1st quarter. OLD Mission Capital LLC now owns 37,924 shares of the company’s stock worth $317,000 after buying an additional 13,591 shares during the period. LPL Financial LLC lifted its stake in Amplify Lithium & Battery Technology ETF by 2.9% in the first quarter. LPL Financial LLC now owns 164,053 shares of the company’s stock valued at $1,370,000 after buying an additional 4,649 shares in the last quarter. Finally, Sherman Asset Management Inc. boosted its holdings in shares of Amplify Lithium & Battery Technology ETF by 133.5% in the first quarter. Sherman Asset Management Inc. now owns 14,135 shares of the company’s stock valued at $118,000 after buying an additional 8,082 shares during the period.

About Amplify Lithium & Battery Technology ETF

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.