Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Short Interest Up 125.0% in August

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 854,280 shares, a growth of 125.0% from the August 15th total of 379,627 shares. Based on an average daily trading volume, of 276,312 shares, the short-interest ratio is presently 3.1 days. Currently, 4.0% of the shares of the company are sold short.

Global X Lithium & Battery Tech ETF Stock Performance

Shares of NYSEARCA LIT traded down $1.69 during mid-day trading on Monday, hitting $69.80. The stock had a trading volume of 43,532 shares, compared to its average volume of 375,917. The firm has a market cap of $1.51 billion, a PE ratio of 21.25 and a beta of 1.03. The company has a 50 day moving average of $72.65 and a two-hundred day moving average of $76.94. Global X Lithium & Battery Tech ETF has a twelve month low of $51.30 and a twelve month high of $91.98.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LIT. Nalls Sherbakoff Group LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF during the fourth quarter worth about $29,000. AlphaCore Capital LLC raised its position in Global X Lithium & Battery Tech ETF by 333.3% during the 4th quarter. AlphaCore Capital LLC now owns 650 shares of the company’s stock worth $42,000 after buying an additional 500 shares during the last quarter. Parallel Advisors LLC raised its position in Global X Lithium & Battery Tech ETF by 58.9% during the 4th quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $64,000 after buying an additional 365 shares during the last quarter. Root Financial Partners LLC lifted its stake in Global X Lithium & Battery Tech ETF by 7,453.3% during the 4th quarter. Root Financial Partners LLC now owns 1,133 shares of the company’s stock valued at $73,000 after acquiring an additional 1,118 shares during the period. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in Global X Lithium & Battery Tech ETF during the 4th quarter valued at approximately $81,000.

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.