Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Reaches New 52-Week Low at $34.84

Shares of Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) reached a new 52-week low on Tuesday . The company traded as low as $34.84 and last traded at $34.85, with a volume of 21612 shares. The stock had previously closed at $35.37.

Global X Lithium & Battery Tech ETF Trading Up 7.5 %

The company has a 50 day moving average of $37.90 and a 200-day moving average of $41.81. The firm has a market capitalization of $1.34 billion, a P/E ratio of 9.79 and a beta of 1.31.

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

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of Global X Lithium & Battery Tech ETF by 77.7% during the 1st quarter. BNP Paribas Financial Markets now owns 71,325 shares of the company’s stock valued at $3,230,000 after purchasing an additional 31,176 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Global X Lithium & Battery Tech ETF by 10.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 104,440 shares of the company’s stock worth $5,320,000 after buying an additional 9,923 shares during the last quarter. US Bancorp DE increased its position in Global X Lithium & Battery Tech ETF by 2.5% in 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. increased its position in 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 worth $451,000 after buying an additional 425 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings 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 worth $120,000 after acquiring an additional 590 shares during the period.

Global X Lithium & Battery Tech ETF Company 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.