Tradr 2X Long LITE Daily ETF (BATS:LITX) Stock Short Interest Declines 62.7%

Tradr 2X Long LITE Daily ETF (BATS:LITX) was the recipient of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 471,057 shares, a drop of 62.7% from the October 15th total of 1,261,247 shares. Based on an average trading volume of 3,910,550 shares, the short-interest ratio is presently 0.1 days. Approximately 4.0% of the company’s shares are sold short.

Tradr 2X Long LITE Daily ETF Trading Down 8.6%

Shares of LITX stock traded down $0.95 during mid-day trading on Friday, hitting $10.11. The company’s stock had a trading volume of 3,902,784 shares, compared to its average volume of 4,278,560. The stock’s fifty day simple moving average is $27.12. Tradr 2X Long LITE Daily ETF has a 52 week low of $7.48 and a 52 week high of $62.79.

Tradr 2X Long LITE Daily ETF Company Profile

Defiance Daily Target 2X Long LIT ETF is an exchange-traded fund managed by Defiance ETFs and traded under the symbol LITX on the Cboe BZX Exchange. The fund is designed to provide approximately twice the daily performance of the Global X Lithium & Battery Tech ETF, before fees and expenses. LITX generally seeks this objective through derivatives and other financial instruments rather than by directly holding a portfolio that mirrors the underlying ETF. Its exposure is tied to companies involved in the lithium and battery-technology industries, including businesses connected to lithium mining, processing, battery production and related technologies.