Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Shares Shorted: Short Interest Down 53.1% in September

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 400,530 shares, a decline of 53.1% from the August 31st total of 854,280 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 284,787 shares, the days-to-cover ratio is presently 1.4 days.

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

Several large investors have recently added to or reduced their stakes in LIT. Nalls Sherbakoff Group LLC purchased a new position in Global X Lithium & Battery Tech ETF in the 4th quarter valued at approximately $29,000. Root Financial Partners LLC increased its position in shares of Global X Lithium & Battery Tech ETF by 7,453.3% during the fourth 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. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Global X Lithium & Battery Tech ETF in the fourth quarter valued at $81,000. Realta Investment Advisors raised its stake in shares of Global X Lithium & Battery Tech ETF by 26.1% in the first quarter. Realta Investment Advisors now owns 1,231 shares of the company’s stock valued at $92,000 after acquiring an additional 255 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in Global X Lithium & Battery Tech ETF by 18.9% in the second quarter. TD Waterhouse Canada Inc. now owns 1,453 shares of the company’s stock valued at $113,000 after purchasing an additional 231 shares during the period.

Global X Lithium & Battery Tech ETF Trading Down 0.2%

Global X Lithium & Battery Tech ETF stock traded down $0.12 during midday trading on Wednesday, reaching $68.42. 146,713 shares of the stock traded hands, compared to its average volume of 360,706. The firm has a market cap of $1.44 billion, a PE ratio of 21.25 and a beta of 1.03. The company has a 50-day simple moving average of $72.33 and a two-hundred day simple moving average of $76.68. Global X Lithium & Battery Tech ETF has a 12-month low of $53.88 and a 12-month high of $91.98.

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.