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 target of some unusual options trading activity on Thursday. Investors acquired 20,053 put options on the company. This represents an increase of 2,705% compared to the average volume of 715 put options.

Global X Lithium & Battery Tech ETF Trading Up 1.1 %

NYSEARCA:LIT traded up $0.43 during midday trading on Thursday, hitting $38.39. 365,965 shares of the company were exchanged, compared to its average volume of 459,585. The company has a fifty day simple moving average of $41.50 and a 200 day simple moving average of $43.39. Global X Lithium & Battery Tech ETF has a fifty-two week low of $37.92 and a fifty-two week high of $66.84. The company has a market capitalization of $1.36 billion, a PE ratio of 9.79 and a beta of 1.31.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new stake in Global X Lithium & Battery Tech ETF during the 1st quarter worth $32,000. MFA Wealth Advisors LLC acquired a new stake in Global X Lithium & Battery Tech ETF during the 2nd quarter worth $33,000. U S Global Investors Inc. acquired a new stake in Global X Lithium & Battery Tech ETF during the 4th quarter worth $36,000. WFA Asset Management Corp acquired a new stake in Global X Lithium & Battery Tech ETF during the 4th quarter worth $45,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Global X Lithium & Battery Tech ETF during the 1st quarter worth $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.