Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sees Large Drop in Short Interest

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 189,688 shares, a decline of 61.0% from the March 15th total of 486,403 shares. Based on an average daily trading volume, of 237,524 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Trading of Global X Lithium & Battery Tech ETF

Several institutional investors have recently made changes to their positions in the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Global X Lithium & Battery Tech ETF during the 3rd quarter valued at $16,334,000. Bank of Montreal Can grew its stake in shares of Global X Lithium & Battery Tech ETF by 2,888.0% during the 4th quarter. Bank of Montreal Can now owns 265,692 shares of the company’s stock valued at $17,233,000 after buying an additional 256,800 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Global X Lithium & Battery Tech ETF by 42.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 216,095 shares of the company’s stock valued at $12,285,000 after buying an additional 64,273 shares during the period. Whitcomb & Hess Inc. grew its stake in shares of Global X Lithium & Battery Tech ETF by 7.8% during the 3rd quarter. Whitcomb & Hess Inc. now owns 206,915 shares of the company’s stock valued at $11,763,000 after buying an additional 14,894 shares during the period. Finally, UBS Group AG grew its stake in shares of Global X Lithium & Battery Tech ETF by 4.2% during the 3rd quarter. UBS Group AG now owns 157,939 shares of the company’s stock valued at $8,979,000 after buying an additional 6,317 shares during the period.

Global X Lithium & Battery Tech ETF Stock Up 0.7%

Shares of NYSEARCA LIT traded up $0.53 during trading on Tuesday, hitting $80.55. 358,964 shares of the company traded hands, compared to its average volume of 379,219. Global X Lithium & Battery Tech ETF has a 1 year low of $34.67 and a 1 year high of $80.83. The company has a 50-day moving average price of $72.62 and a 200-day moving average price of $66.88. The firm has a market capitalization of $1.88 billion, a P/E ratio of 21.25 and a beta of 0.98.

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.