Global X Lithium & Battery Tech ETF Sees Unusually Large Options Volume (NYSEARCA:LIT)

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) saw some unusual options trading on Friday. Traders acquired 8,009 put options on the stock. This is an increase of 1,217% compared to the typical volume of 608 put options.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE boosted its stake in shares of Global X Lithium & Battery Tech ETF by 2.5% in the 4th quarter. US Bancorp DE now owns 14,114 shares of the company’s stock valued at $719,000 after purchasing an additional 341 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Global X Lithium & Battery Tech ETF by 261.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 553 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Global X Lithium & Battery Tech ETF by 10.6% during the third quarter. Moneta Group Investment Advisors LLC now owns 4,261 shares of the company’s stock worth $235,000 after buying an additional 407 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Global X Lithium & Battery Tech ETF by 4.5% in the first quarter. Avantax Advisory Services Inc. now owns 9,962 shares of the company’s stock valued at $451,000 after acquiring an additional 425 shares during the last quarter. Finally, Elmwood Wealth Management Inc. boosted its holdings in shares of Global X Lithium & Battery Tech ETF by 2.9% in the 3rd quarter. Elmwood Wealth Management Inc. now owns 17,091 shares of the company’s stock worth $943,000 after acquiring an additional 488 shares in the last quarter.

Global X Lithium & Battery Tech ETF Stock Performance

NYSEARCA:LIT opened at $38.81 on Friday. The firm’s 50-day moving average is $43.25 and its 200-day moving average is $44.67. Global X Lithium & Battery Tech ETF has a 52-week low of $38.57 and a 52-week high of $69.09. 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.