Tradr 2X Long LITE Daily ETF (BATS:LITX) Shares Shorted: Short Interest Up 78.3% in October

Tradr 2X Long LITE Daily ETF (BATS:LITX) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,261,247 shares, a growth of 78.3% from the September 30th total of 707,340 shares. Based on an average daily trading volume, of 2,955,140 shares, the days-to-cover ratio is presently 0.4 days.

Tradr 2X Long LITE Daily ETF Price Performance

Shares of LITX stock opened at $14.55 on Tuesday. The company has a 50-day moving average of $30.59. Tradr 2X Long LITE Daily ETF has a one year low of $9.23 and a one year high of $62.79.

Defiance Daily Target 2X Long LIT ETF is an exchange-traded fund managed by Defiance ETFs and traded under the symbol LITX on the Cboe BZX Exchange. The fund is designed to provide approximately twice the daily performance of the Global X Lithium & Battery Tech ETF, before fees and expenses.

LITX generally seeks this objective through derivatives and other financial instruments rather than by directly holding a portfolio that mirrors the underlying ETF. Its exposure is tied to companies involved in the lithium and battery-technology industries, including businesses connected to lithium mining, processing, battery production and related technologies.

The fund’s underlying thematic exposure spans companies in multiple countries and is intended to reflect the global lithium and battery supply chain.