Defiance Daily Target 2X Long LIT ETF (BATS:LITX – Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders acquired 12,682 call options on the company. This represents an increase of 454% compared to the typical volume of 2,288 call options.
Defiance Daily Target 2X Long LIT ETF Stock Up 3.1%
Defiance Daily Target 2X Long LIT ETF stock traded up $0.96 during trading hours on Monday, hitting $31.49. The stock had a trading volume of 971,000 shares, compared to its average volume of 4,483,010. Defiance Daily Target 2X Long LIT ETF has a 12-month low of $9.23 and a 12-month high of $62.79.
LITX generally seeks this objective through derivatives and other financial instruments rather than by directly holding a portfolio that mirrors the underlying ETF. Its exposure is tied to companies involved in the lithium and battery-technology industries, including businesses connected to lithium mining, processing, battery production and related technologies.
The fund’s underlying thematic exposure spans companies in multiple countries and is intended to reflect the global lithium and battery supply chain.
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