Global X Lithium & Battery Tech ETF (NYSEARCA:LIT – Get Rating) was the target of unusually large options trading activity on Wednesday. Investors bought 7,344 put options on the company. This represents an increase of 566% compared to the average daily volume of 1,103 put options.
Global X Lithium & Battery Tech ETF Stock Down 1.9 %
LIT opened at $61.32 on Thursday. Global X Lithium & Battery Tech ETF has a 52-week low of $57.56 and a 52-week high of $82.17. The company has a market cap of $3.28 billion, a P/E ratio of 18.04 and a beta of 1.08. The firm’s 50-day moving average price is $63.77 and its 200-day moving average price is $65.46.
Hedge Funds Weigh In On Global X Lithium & Battery Tech ETF
Several hedge funds have recently modified their holdings of the stock. Citigroup Inc. increased its holdings in Global X Lithium & Battery Tech ETF by 37.1% in the 1st quarter. Citigroup Inc. now owns 31,633 shares of the company’s stock worth $2,434,000 after buying an additional 8,566 shares during the period. Cibc World Market Inc. boosted its position in Global X Lithium & Battery Tech ETF by 0.8% in the 1st quarter. Cibc World Market Inc. now owns 33,048 shares of the company’s stock worth $2,544,000 after purchasing an additional 259 shares in the last quarter. Blair William & Co. IL boosted its position in Global X Lithium & Battery Tech ETF by 16.0% in the 1st quarter. Blair William & Co. IL now owns 36,503 shares of the company’s stock worth $2,810,000 after purchasing an additional 5,040 shares in the last quarter. Cetera Investment Advisers boosted its position in Global X Lithium & Battery Tech ETF by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 43,023 shares of the company’s stock worth $3,312,000 after purchasing an additional 2,785 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in Global X Lithium & Battery Tech ETF by 10.0% in the 1st quarter. Moors & Cabot Inc. now owns 2,968 shares of the company’s stock worth $229,000 after purchasing an additional 269 shares in the last quarter.
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.
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