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

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 379,627 shares, a drop of 45.5% from the July 30th total of 696,192 shares. Based on an average daily trading volume, of 174,542 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.8% of the company’s shares are short sold.

Global X Lithium & Battery Tech ETF Stock Down 1.4%

Shares of LIT stock traded down $1.06 during trading hours on Friday, reaching $76.07. 106,805 shares of the stock traded hands, compared to its average volume of 382,525. Global X Lithium & Battery Tech ETF has a 1-year low of $46.27 and a 1-year high of $91.98. The business has a fifty day moving average price of $73.49 and a 200 day moving average price of $76.84. The firm has a market capitalization of $1.64 billion, a PE ratio of 21.25 and a beta of 1.02.

Institutional Trading of Global X Lithium & Battery Tech ETF

Large investors have recently added to or reduced their stakes in the company. Nalls Sherbakoff Group LLC acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the fourth quarter worth $29,000. AlphaCore Capital LLC lifted its stake in Global X Lithium & Battery Tech ETF by 333.3% in the 4th quarter. AlphaCore Capital LLC now owns 650 shares of the company’s stock worth $42,000 after acquiring an additional 500 shares in the last quarter. Parallel Advisors LLC lifted its stake in Global X Lithium & Battery Tech ETF by 58.9% in the 4th quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $64,000 after acquiring an additional 365 shares in the last quarter. Root Financial Partners LLC boosted its position 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 worth $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 worth about $81,000.

About Global X Lithium & Battery Tech ETF

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.