Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sees Strong Trading Volume – Time to Buy?

Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw unusually-strong trading volume on Monday. 1,063,716 shares traded hands during mid-day trading, an increase of 204% from the previous session’s volume of 349,421 shares. The stock last traded at $61.3550 and had previously closed at $60.68.

Global X Lithium & Battery Tech ETF Price Performance

The company has a market cap of $1.25 billion, a price-to-earnings ratio of 21.25 and a beta of 1.05. The stock has a 50-day moving average price of $70.73 and a 200 day moving average price of $76.07.

Institutional Trading of Global X Lithium & Battery Tech ETF

A number of large investors have recently bought and sold shares of LIT. Realta Investment Advisors boosted its holdings 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 buying an additional 255 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Global X Lithium & Battery Tech ETF by 18.9% during the second quarter. TD Waterhouse Canada Inc. now owns 1,453 shares of the company’s stock worth $113,000 after acquiring an additional 231 shares during the period. Fifth Third Bancorp bought a new stake in Global X Lithium & Battery Tech ETF in the 1st quarter valued at $122,000. SG Americas Securities LLC bought a new stake in Global X Lithium & Battery Tech ETF in the 1st quarter valued at $199,000. Finally, Symphony Financial Ltd. Co. bought a new stake in Global X Lithium & Battery Tech ETF in the 2nd quarter valued at $208,000.

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.