Ghisallo Capital Management LLC Buys Shares of 5,550 Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Ghisallo Capital Management LLC bought a new position in shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,550 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LIT. BNP Paribas Financial Markets increased its stake in shares of Global X Lithium & Battery Tech ETF by 77.7% in the first quarter. BNP Paribas Financial Markets now owns 71,325 shares of the company’s stock worth $3,230,000 after purchasing an additional 31,176 shares during the period. US Bancorp DE lifted its holdings in shares of Global X Lithium & Battery Tech ETF by 2.5% during the fourth quarter. US Bancorp DE now owns 14,114 shares of the company’s stock worth $719,000 after buying an additional 341 shares during the last quarter. Avantax Advisory Services Inc. boosted its position 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 period. Sunbelt Securities Inc. boosted its position in shares of Global X Lithium & Battery Tech ETF by 28.6% in the first quarter. Sunbelt Securities Inc. now owns 2,652 shares of the company’s stock valued at $120,000 after acquiring an additional 590 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in shares of Global X Lithium & Battery Tech ETF by 26.6% in the first quarter. Banque Cantonale Vaudoise now owns 26,227 shares of the company’s stock worth $1,187,000 after acquiring an additional 5,506 shares during the last quarter.

Global X Lithium & Battery Tech ETF Price Performance

NYSEARCA:LIT opened at $44.11 on Wednesday. Global X Lithium & Battery Tech ETF has a one year low of $34.65 and a one year high of $54.97. The company has a fifty day moving average price of $37.56 and a 200 day moving average price of $41.19. The stock has a market cap of $1.57 billion, a P/E ratio of 9.79 and a beta of 1.31.

Global X Lithium & Battery Tech ETF Profile

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.