Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Short Interest Up 60.0% in October

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,760,000 shares, an increase of 60.0% from the September 30th total of 1,100,000 shares. Currently, 7.9% of the company’s shares are sold short. Based on an average daily trading volume, of 403,000 shares, the days-to-cover ratio is presently 4.4 days. Based on an average daily trading volume, of 403,000 shares, the days-to-cover ratio is presently 4.4 days. Currently, 7.9% of the company’s shares are sold short.

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

A number of large investors have recently made changes to their positions in the business. Axxcess Wealth Management LLC grew its position in shares of Global X Lithium & Battery Tech ETF by 1.9% in the 2nd quarter. Axxcess Wealth Management LLC now owns 13,398 shares of the company’s stock worth $514,000 after buying an additional 250 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Global X Lithium & Battery Tech ETF by 103.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock worth $38,000 after buying an additional 337 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Global X Lithium & Battery Tech ETF by 4.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 9,538 shares of the company’s stock valued at $370,000 after purchasing an additional 421 shares during the period. CWM LLC lifted its stake in shares of Global X Lithium & Battery Tech ETF by 11.9% in the 3rd quarter. CWM LLC now owns 4,416 shares of the company’s stock valued at $251,000 after purchasing an additional 468 shares during the period. Finally, MFA Wealth Advisors LLC lifted its stake in shares of Global X Lithium & Battery Tech ETF by 11.7% in the 2nd quarter. MFA Wealth Advisors LLC now owns 6,064 shares of the company’s stock valued at $233,000 after purchasing an additional 636 shares during the period.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of LIT stock opened at $61.48 on Tuesday. The firm has a market cap of $1.36 billion, a P/E ratio of 21.25 and a beta of 1.05. Global X Lithium & Battery Tech ETF has a fifty-two week low of $31.44 and a fifty-two week high of $63.28. The business’s 50 day moving average price is $54.73 and its 200-day moving average price is $44.93.

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.