Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Short Interest Update

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 1,131,196 shares, an increase of 79.7% from the April 15th total of 629,420 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average trading volume of 440,625 shares, the short-interest ratio is currently 2.6 days.

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

Hedge funds have recently added to or reduced their stakes in the company. South Shore Capital Advisors bought a new stake in Global X Lithium & Battery Tech ETF during the fourth quarter worth about $616,000. Moran Wealth Management LLC increased its holdings in shares of Global X Lithium & Battery Tech ETF by 28.0% in the fourth quarter. Moran Wealth Management LLC now owns 31,812 shares of the company’s stock worth $2,063,000 after buying an additional 6,951 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Global X Lithium & Battery Tech ETF by 493.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,630 shares of the company’s stock worth $819,000 after buying an additional 10,500 shares during the period. Belpointe Asset Management LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF in the third quarter worth about $607,000. Finally, IFG Advisory LLC purchased a new position in shares of Global X Lithium & Battery Tech ETF in the third quarter worth about $1,329,000.

Global X Lithium & Battery Tech ETF Price Performance

Shares of LIT stock opened at $84.08 on Monday. The business has a 50-day moving average price of $78.26 and a two-hundred day moving average price of $71.21. Global X Lithium & Battery Tech ETF has a 12-month low of $35.62 and a 12-month high of $91.98. The firm has a market cap of $2.06 billion, a P/E ratio of 21.25 and a beta of 1.03.

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.