Tradr 2X Long LITE Daily ETF (BATS:LITX) Stock Short Interest Climbs 122.1%

Tradr 2X Long LITE Daily ETF (BATS:LITX) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,414,951 shares, a growth of 122.1% from the August 31st total of 637,098 shares. Based on an average daily trading volume, of 2,547,261 shares, the days-to-cover ratio is presently 0.6 days.

Tradr 2X Long LITE Daily ETF Stock Performance

BATS:LITX opened at $32.08 on Friday. Tradr 2X Long LITE Daily ETF has a 1-year low of $9.23 and a 1-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.