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

by · The Cerbat Gem

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT – Get Free Report) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 448,886 shares, a drop of 49.9% from the November 30th total of 896,613 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 216,073 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 216,073 shares, the short-interest ratio is presently 2.1 days. Currently, 2.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X Lithium & Battery Tech ETF

A number of hedge funds have recently bought and sold shares of LIT. Centaurus Financial Inc. lifted its holdings in Global X Lithium & Battery Tech ETF by 4.1% in the third quarter. Centaurus Financial Inc. now owns 4,593 shares of the company’s stock valued at $261,000 after buying an additional 181 shares during the period. Advisory Services Network LLC bought a new position in shares of Global X Lithium & Battery Tech ETF in the 3rd quarter worth about $114,000. SIH Partners LLLP lifted its stake in shares of Global X Lithium & Battery Tech ETF by 196.2% in the 3rd quarter. SIH Partners LLLP now owns 29,213 shares of the company’s stock valued at $1,661,000 after purchasing an additional 19,350 shares during the period. Mariner LLC acquired a new position in shares of Global X Lithium & Battery Tech ETF in the 3rd quarter valued at about $269,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF during the 3rd quarter valued at about $2,549,000.

Global X Lithium & Battery Tech ETF Stock Down 3.2%

Shares of NYSEARCA LIT traded down $2.17 during trading on Monday, reaching $65.73. The company had a trading volume of 346,659 shares, compared to its average volume of 299,577. The stock has a market cap of $1.46 billion, a P/E ratio of 21.25 and a beta of 1.05. The company’s fifty day moving average price is $62.50 and its 200-day moving average price is $52.07. Global X Lithium & Battery Tech ETF has a 12 month low of $31.44 and a 12 month high of $67.94.

Global X Lithium & Battery Tech ETF Company Profile

(Get Free Report)

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.

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