Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) Sees Large Drop in Short Interest

Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 236,717 shares, a decrease of 18.7% from the December 15th total of 290,988 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 93,166 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 93,166 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.4% of the shares of the company are sold short.

Amplify Lithium & Battery Technology ETF Stock Up 0.1%

Amplify Lithium & Battery Technology ETF stock opened at $15.02 on Wednesday. The business has a 50-day simple moving average of $13.92 and a two-hundred day simple moving average of $12.46. The company has a market cap of $107.39 million, a P/E ratio of 20.17 and a beta of 1.15. Amplify Lithium & Battery Technology ETF has a 52-week low of $6.78 and a 52-week high of $15.35.

Institutional Trading of Amplify Lithium & Battery Technology ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BATT. Secure Asset Management LLC purchased a new position in shares of Amplify Lithium & Battery Technology ETF during the 4th quarter worth $177,000. Baron Financial Group LLC purchased a new position in Amplify Lithium & Battery Technology ETF during the fourth quarter valued at $160,000. Flow Traders U.S. LLC bought a new stake in Amplify Lithium & Battery Technology ETF during the third quarter valued at about $274,000. Raymond James Financial Inc. increased its position in Amplify Lithium & Battery Technology ETF by 708.2% in the third quarter. Raymond James Financial Inc. now owns 114,102 shares of the company’s stock worth $1,482,000 after buying an additional 99,984 shares in the last quarter. Finally, CWM LLC increased its position in Amplify Lithium & Battery Technology ETF by 46.9% in the third quarter. CWM LLC now owns 14,884 shares of the company’s stock worth $193,000 after buying an additional 4,753 shares in the last quarter.

Amplify Lithium & Battery Technology ETF Company Profile

The Amplify Lithium & Battery Technology ETF (BATT) is an exchange-traded fund that is based on the EQM Lithium and Battery Technology index, a market-cap-weighted index that invests in global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. BATT was launched on Jun 6, 2018 and is managed by Amplify.