Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Short Interest Update

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 317,854 shares, an increase of 195.8% from the March 15th total of 107,442 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average daily volume of 61,485 shares, the days-to-cover ratio is presently 5.2 days.

Hedge Funds Weigh In On Amplify Lithium & Battery Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BATT. Q3 Asset Management acquired a new stake in shares of Amplify Lithium & Battery Technology ETF during the 4th quarter worth approximately $1,394,000. Raymond James Financial Inc. raised its stake in shares of Amplify Lithium & Battery Technology ETF by 708.2% in the third quarter. Raymond James Financial Inc. now owns 114,102 shares of the company’s stock valued at $1,482,000 after purchasing an additional 99,984 shares in the last quarter. Cetera Investment Advisers bought a new position in Amplify Lithium & Battery Technology ETF in the fourth quarter worth $548,000. Cordoba Advisory Partners LLC acquired a new stake in Amplify Lithium & Battery Technology ETF during the fourth quarter worth $539,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Amplify Lithium & Battery Technology ETF by 850.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,765 shares of the company’s stock worth $328,000 after buying an additional 21,265 shares in the last quarter.

Amplify Lithium & Battery Technology ETF Stock Up 2.2%

NYSEARCA BATT traded up $0.35 during midday trading on Monday, hitting $16.28. The company had a trading volume of 52,069 shares, compared to its average volume of 73,103. The firm has a fifty day simple moving average of $15.18 and a two-hundred day simple moving average of $14.31. Amplify Lithium & Battery Technology ETF has a fifty-two week low of $7.60 and a fifty-two week high of $16.68. The stock has a market cap of $122.10 million, a price-to-earnings ratio of 20.17 and a beta of 1.09.

About Amplify Lithium & Battery Technology ETF

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. BATT was launched on Jun 6, 2018 and is managed by Amplify.