Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Stock Short Interest Climbs 790.2%

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 68,227 shares, an increase of 790.2% from the October 15th total of 7,664 shares. Based on an average daily volume of 47,182 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Amplify Lithium & Battery Technology ETF

A number of institutional investors have recently added to or reduced their stakes in BATT. Private Advisor Group LLC bought a new stake in Amplify Lithium & Battery Technology ETF in the third quarter worth $305,000. Global Retirement Partners LLC bought a new stake in shares of Amplify Lithium & Battery Technology ETF in the third quarter worth approximately $100,000. HighTower Advisors LLC purchased a new position in shares of Amplify Lithium & Battery Technology ETF during the third quarter valued at approximately $565,000. Silver Oak Securities Incorporated purchased a new position in shares of Amplify Lithium & Battery Technology ETF during the third quarter valued at approximately $163,000. Finally, StoneX Group Inc. bought a new position in Amplify Lithium & Battery Technology ETF during the third quarter valued at approximately $212,000.

Amplify Lithium & Battery Technology ETF Stock Down 2.4%

BATT traded down $0.30 during trading hours on Thursday, hitting $12.54. The stock had a trading volume of 21,594 shares, compared to its average volume of 66,142. The company’s fifty day simple moving average is $14.06 and its 200 day simple moving average is $15.26. The stock has a market cap of $89.07 million, a PE ratio of 16.95 and a beta of 1.14. Amplify Lithium & Battery Technology ETF has a 1 year low of $12.25 and a 1 year high of $18.08.

About Amplify Lithium & Battery Technology ETF

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. BATT was launched on Jun 6, 2018 and is managed by Amplify.