Global X Lithium & Battery Tech ETF Target of Unusually High Options Trading (NYSEARCA:LIT)

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the recipient of unusually large options trading on Thursday. Stock traders purchased 20,053 put options on the stock. This represents an increase of approximately 2,705% compared to the typical volume of 715 put options.

Institutional Trading of Global X Lithium & Battery Tech ETF

Several institutional investors have recently made changes to their positions in the business. MFA Wealth Advisors LLC purchased a new position in Global X Lithium & Battery Tech ETF during the 2nd quarter valued at approximately $33,000. SG Americas Securities LLC grew its holdings in Global X Lithium & Battery Tech ETF by 57.0% during the 2nd quarter. SG Americas Securities LLC now owns 30,378 shares of the company’s stock valued at $1,179,000 after buying an additional 11,029 shares in the last quarter. Whitcomb & Hess Inc. grew its holdings in Global X Lithium & Battery Tech ETF by 5.3% during the 2nd quarter. Whitcomb & Hess Inc. now owns 177,501 shares of the company’s stock valued at $6,889,000 after buying an additional 8,934 shares in the last quarter. CX Institutional grew its holdings in Global X Lithium & Battery Tech ETF by 3.2% during the 2nd quarter. CX Institutional now owns 145,805 shares of the company’s stock valued at $5,659,000 after buying an additional 4,525 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Global X Lithium & Battery Tech ETF by 204.9% during the 1st quarter. Cetera Investment Advisers now owns 119,201 shares of the company’s stock valued at $5,399,000 after buying an additional 80,106 shares in the last quarter.

Global X Lithium & Battery Tech ETF Price Performance

Shares of NYSEARCA:LIT traded up $0.60 during trading on Friday, hitting $38.99. 230,593 shares of the company’s stock were exchanged, compared to its average volume of 457,983. Global X Lithium & Battery Tech ETF has a 52-week low of $37.92 and a 52-week high of $66.84. The business’s 50-day simple moving average is $41.37 and its 200 day simple moving average is $43.33. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31.

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.