Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Shares Gap Down – Here’s What Happened

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) gapped down before the market opened on Wednesday . The stock had previously closed at $46.91, but opened at $45.37. Global X Lithium & Battery Tech ETF shares last traded at $45.60, with a volume of 70,613 shares.

Global X Lithium & Battery Tech ETF Stock Down 2.0 %

The company has a market cap of $1.63 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31. The business’s fifty day simple moving average is $38.36 and its two-hundred day simple moving average is $41.20.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Global X Lithium & Battery Tech ETF by 77.7% during the first quarter. BNP Paribas Financial Markets now owns 71,325 shares of the company’s stock worth $3,230,000 after buying an additional 31,176 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings 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 in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Global X Lithium & Battery Tech ETF by 28.6% during the first quarter. Sunbelt Securities Inc. now owns 2,652 shares of the company’s stock worth $120,000 after acquiring an additional 590 shares during the period. Banque Cantonale Vaudoise lifted its position in 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 valued at $1,187,000 after purchasing an additional 5,506 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Global X Lithium & Battery Tech ETF by 204.9% in the 1st quarter. Cetera Investment Advisers now owns 119,201 shares of the company’s stock valued at $5,399,000 after purchasing an additional 80,106 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.