November 22, 2016 - By Peter Erickson · 0 Comments
Nov 22 is a positive day so far for Global X Lithium ETF (NYSEARCA:LIT) as the ETF is active during the day after gaining 0.38% to hit $23.94 per share. The exchange traded fund has 75.70M net assets and 1.27% volatility this month.
Over the course of the day 7,167 shares traded hands, as compared to an average volume of 62,200 over the last 30 days for Global X Lithium ETF (NYSEARCA:LIT).
The ETF is -9.71% of its 52-Week High and 37.58% of its low, and is currently having ATR of 0.4. This year’s performance is 16.63% while this quarter’s performance is -6.02%.
The ETF’s YTD performance is 19.86%, the 1 year is 16.49% and the 3 year is -1.95%.
The ETF’s average P/E ratio is 18.07, the price to book is 1.76, the price to sales is 1.11 and the price to cashflow is 9.29. It was started on 7/23/2010. The fund’s top holdings are: FMC Corporation Common Stock for 21.46% of assets, Sociedad Quimica y Minera S.A. for 13.85%, Albemarle Corporation Common St for 6.51%, Orocobre Ltd for 4.80%, BYD CO ‘H’CNY1 for 4.62%, GS YUASA CORP NPV for 4.45%, PANASONIC CORP NPV for 4.19%, FDG Electric Vehicles Ltd for 4.04%, Tesla Motors Inc. for 3.95%, Simplo Technology Co Ltd for 3.88%. The ETF sector weights are: Basic Materials 58.09%, Consumer Cyclical 12.74%, Industrials 0.68%, Technology 28.49%. The ETF currently as 0.21% yield.
More notable recent Global X Lithium ETF (NYSEARCA:LIT) news were published by: Investorplace.com which released: “Trade of the Day: Global X Lithium ETF (NYSEARCA:LIT)” on October 11, 2016, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on May 08, 2015, Fool.com published: “5-Star ETFs Poised to Pop: Global X Lithium ETF” on October 19, 2011. More interesting news about Global X Lithium ETF (NYSEARCA:LIT) were released by: Benzinga.com and their article: “Lithium ETF Easily Outshines Tesla, But That Shouldn’t Be Surprising” published on June 02, 2016 as well as Seekingalpha.com‘s news article titled: “Forget Oil, Invest In Lithium ETF” with publication date: August 05, 2016.
Global X Lithium ETF seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Lithium Index (the Index). The ETF has a market cap of $75.70 million. 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. It currently has negative earnings. The Fund will normally invest at least 80% of its total assets in the securities of the Index and in depositary receipts based on the securities in the Index.
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By Peter Erickson