Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Stock Short Interest Climbs 81.9%

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 7,664 shares, a growth of 81.9% from the September 30th total of 4,214 shares. Based on an average daily volume of 39,356 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Amplify Lithium & Battery Technology ETF Price Performance

NYSEARCA:BATT traded up $0.08 during mid-day trading on Monday, reaching $12.73. The stock had a trading volume of 39,182 shares, compared to its average volume of 66,477. The company has a market capitalization of $96.11 million, a price-to-earnings ratio of 20.17 and a beta of 1.17. Amplify Lithium & Battery Technology ETF has a 1-year low of $12.25 and a 1-year high of $18.08. The stock’s 50 day simple moving average is $14.57 and its two-hundred day simple moving average is $15.36.

Institutional Investors Weigh In On Amplify Lithium & Battery Technology ETF

Institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in Amplify Lithium & Battery Technology ETF by 65.1% during the first quarter. Cetera Investment Advisers now owns 65,604 shares of the company’s stock worth $977,000 after purchasing an additional 25,870 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Amplify Lithium & Battery Technology ETF in the third quarter worth $217,000. Finally, Baron Financial Group LLC boosted its holdings in Amplify Lithium & Battery Technology ETF by 18.1% in the third quarter. Baron Financial Group LLC now owns 16,450 shares of the company’s stock worth $235,000 after purchasing an additional 2,525 shares during the period.

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.