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

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 528,971 shares, a decrease of 25.9% from the January 29th total of 713,814 shares. Based on an average daily volume of 491,602 shares, the short-interest ratio is presently 1.1 days. Approximately 2.3% of the shares of the stock are sold short. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily volume of 491,602 shares, the short-interest ratio is presently 1.1 days.

Global X Lithium & Battery Tech ETF Stock Down 0.2%

Shares of LIT traded down $0.18 during mid-day trading on Monday, reaching $75.22. 398,194 shares of the company’s stock were exchanged, compared to its average volume of 448,142. Global X Lithium & Battery Tech ETF has a 52-week low of $31.44 and a 52-week high of $78.00. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05. The company has a 50-day simple moving average of $71.01 and a two-hundred day simple moving average of $62.01.

Hedge Funds Weigh In On Global X Lithium & Battery Tech ETF

A number of institutional investors have recently made changes to their positions in LIT. Wealthspire Advisors LLC lifted its position in shares of Global X Lithium & Battery Tech ETF by 2.2% in the fourth quarter. Wealthspire Advisors LLC now owns 7,765 shares of the company’s stock valued at $504,000 after acquiring an additional 168 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in Global X Lithium & Battery Tech ETF by 4.1% in the 3rd quarter. Centaurus Financial Inc. now owns 4,593 shares of the company’s stock valued at $261,000 after purchasing an additional 181 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Global X Lithium & Battery Tech ETF by 11.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,836 shares of the company’s stock valued at $184,000 after purchasing an additional 299 shares in the last quarter. Betterment LLC grew its holdings in shares of Global X Lithium & Battery Tech ETF by 7.2% during the fourth quarter. Betterment LLC now owns 4,840 shares of the company’s stock worth $314,000 after buying an additional 325 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Global X Lithium & Battery Tech ETF by 103.4% during the third quarter. TD Waterhouse Canada Inc. now owns 663 shares of the company’s stock worth $38,000 after buying an additional 337 shares in the last quarter.

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.