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

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 766,315 shares, an increase of 44.9% from the February 12th total of 528,971 shares. Based on an average daily volume of 296,960 shares, the short-interest ratio is presently 2.6 days. Currently, 3.3% of the company’s stock are short sold. Currently, 3.3% of the company’s stock are short sold. Based on an average daily volume of 296,960 shares, the short-interest ratio is presently 2.6 days.

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

A number of hedge funds have recently bought and sold shares of the business. Stonebridge Financial Group LLC bought a new position in Global X Lithium & Battery Tech ETF during the 3rd quarter valued at about $16,334,000. Bank of Montreal Can grew its stake in shares of Global X Lithium & Battery Tech ETF by 2,888.0% in the fourth quarter. Bank of Montreal Can now owns 265,692 shares of the company’s stock worth $17,233,000 after acquiring an additional 256,800 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Global X Lithium & Battery Tech ETF by 42.3% during the third 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. Whitcomb & Hess Inc. raised its holdings in shares of Global X Lithium & Battery Tech ETF by 7.8% during the third quarter. Whitcomb & Hess Inc. now owns 206,915 shares of the company’s stock valued at $11,763,000 after purchasing an additional 14,894 shares during the last quarter. Finally, UBS Group AG lifted its position in Global X Lithium & Battery Tech ETF by 4.2% during the third quarter. UBS Group AG now owns 157,939 shares of the company’s stock valued at $8,979,000 after purchasing an additional 6,317 shares during the period.

Global X Lithium & Battery Tech ETF Price Performance

LIT stock opened at $70.40 on Monday. Global X Lithium & Battery Tech ETF has a 1-year low of $31.44 and a 1-year high of $78.00. The business has a fifty day moving average price of $71.85 and a 200-day moving average price of $63.58. The stock has a market capitalization of $1.65 billion, a P/E ratio of 21.25 and a beta of 1.05.

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.