Traders Purchase Large Volume of Put Options on Global X Lithium & Battery Tech ETF (NYSEARCA:LIT)

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the recipient of unusually large options trading on Friday. Stock investors purchased 8,009 put options on the company. This is an increase of 1,217% compared to the average volume of 608 put options.

Global X Lithium & Battery Tech ETF Trading Down 1.6 %

Shares of NYSEARCA:LIT opened at $38.81 on Friday. The stock’s 50-day moving average price is $43.25 and its two-hundred day moving average price is $44.65. Global X Lithium & Battery Tech ETF has a 12-month low of $38.57 and a 12-month high of $69.09. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 9.79 and a beta of 1.31.

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

Several hedge funds and other institutional investors have recently modified their holdings of LIT. Creative Financial Designs Inc. ADV increased its holdings in Global X Lithium & Battery Tech ETF by 261.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 553 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in Global X Lithium & Battery Tech ETF during the 1st quarter worth approximately $32,000. U S Global Investors Inc. bought a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter valued at approximately $36,000. WFA Asset Management Corp bought a new stake in shares of Global X Lithium & Battery Tech ETF in the 4th quarter valued at approximately $45,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the 1st quarter valued at approximately $45,000.

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.