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 in the month of April. As of April 30th, there was short interest totaling 1,131,196 shares, an increase of 79.7% from the April 15th total of 629,420 shares. Based on an average daily trading volume, of 440,625 shares, the days-to-cover ratio is currently 2.6 days. Currently, 4.6% of the company’s stock are short sold.

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

Several institutional investors and hedge funds have recently bought and sold shares of LIT. Bank of Montreal Can grew its holdings in Global X Lithium & Battery Tech ETF by 2,888.0% during the fourth quarter. Bank of Montreal Can now owns 265,692 shares of the company’s stock valued at $17,233,000 after purchasing an additional 256,800 shares during the period. Ameriprise Financial Inc. grew its holdings in Global X Lithium & Battery Tech ETF by 269.6% during the third quarter. Ameriprise Financial Inc. now owns 146,158 shares of the company’s stock valued at $8,291,000 after purchasing an additional 106,618 shares during the period. Chicago Wealth Management Inc. bought a new position in Global X Lithium & Battery Tech ETF during the fourth quarter valued at $5,041,000. BNP Paribas Financial Markets grew its holdings in 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 period. Finally, Baker Avenue Asset Management LP bought a new position in Global X Lithium & Battery Tech ETF during the fourth quarter valued at $3,793,000.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of LIT opened at $84.08 on Monday. The stock has a 50 day moving average price of $78.26 and a two-hundred day moving average price of $71.21. The firm has a market capitalization of $2.06 billion, a P/E ratio of 21.25 and a beta of 1.03. Global X Lithium & Battery Tech ETF has a 52 week low of $35.62 and a 52 week high of $91.98.

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.