Traders Purchase Large Volume of Put Options on Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the target of some unusual options trading activity on Thursday. Investors acquired 20,053 put options on the company. This represents an increase of 2,705% compared to the average daily volume of 715 put options.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

Several hedge funds and other institutional investors have recently modified their holdings of LIT. Northwest Investment Counselors LLC purchased a new stake in Global X Lithium & Battery Tech ETF in the 1st quarter worth $32,000. MFA Wealth Advisors LLC purchased a new stake in Global X Lithium & Battery Tech ETF in the 2nd quarter worth $33,000. U S Global Investors Inc. purchased a new stake in Global X Lithium & Battery Tech ETF in the 4th quarter worth $36,000. WFA Asset Management Corp purchased a new stake in Global X Lithium & Battery Tech ETF in the 4th quarter worth $45,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Global X Lithium & Battery Tech ETF in the 1st quarter worth $45,000.

Global X Lithium & Battery Tech ETF Price Performance

Shares of NYSEARCA:LIT traded up $0.43 during midday trading on Thursday, hitting $38.39. The company had a trading volume of 365,965 shares, compared to its average volume of 459,585. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31. Global X Lithium & Battery Tech ETF has a 12-month low of $37.92 and a 12-month high of $66.84. The company has a fifty day moving average of $41.50 and a two-hundred day moving average of $43.39.

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.