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

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 448,886 shares, a decrease of 49.9% from the November 30th total of 896,613 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily volume of 216,073 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 216,073 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.0% of the shares of the stock are sold short.

Institutional Trading of Global X Lithium & Battery Tech ETF

Large investors have recently made changes to their positions in the company. Banque Transatlantique SA acquired a new position in Global X Lithium & Battery Tech ETF during the first quarter valued at approximately $37,000. Whitcomb & Hess Inc. increased its stake in shares of Global X Lithium & Battery Tech ETF by 1.3% in the 2nd quarter. Whitcomb & Hess Inc. now owns 192,021 shares of the company’s stock valued at $7,374,000 after purchasing an additional 2,452 shares during the last quarter. MFA Wealth Advisors LLC raised its holdings in shares of Global X Lithium & Battery Tech ETF by 11.7% during the 2nd quarter. MFA Wealth Advisors LLC now owns 6,064 shares of the company’s stock worth $233,000 after buying an additional 636 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Global X Lithium & Battery Tech ETF by 21.7% during the 2nd quarter. Truist Financial Corp now owns 12,304 shares of the company’s stock worth $472,000 after buying an additional 2,193 shares in the last quarter. Finally, J. Safra Sarasin Holding AG bought a new stake in shares of Global X Lithium & Battery Tech ETF during the 2nd quarter worth $265,000.

Global X Lithium & Battery Tech ETF Price Performance

LIT stock traded up $0.79 during midday trading on Friday, reaching $67.89. The company had a trading volume of 259,904 shares, compared to its average volume of 299,516. Global X Lithium & Battery Tech ETF has a 1-year low of $31.44 and a 1-year high of $67.94. The stock has a 50 day moving average price of $62.50 and a 200-day moving average price of $51.88. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05.

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.