Amplify Lithium& Battery Technology ETF (NYSEARCA:BATT) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Amplify Lithium& Battery Technology ETF (NYSEARCA:BATT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.03 and traded as high as $9.35. Amplify Lithium& Battery Technology ETF shares last traded at $9.26, with a volume of 42,545 shares traded.

Amplify Lithium& Battery Technology ETF Price Performance

The business’s fifty day simple moving average is $9.32 and its 200 day simple moving average is $9.03. The stock has a market cap of $86.12 million, a price-to-earnings ratio of 9.69 and a beta of 1.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised its stake in Amplify Lithium& Battery Technology ETF by 5.9% during the third quarter. Jane Street Group LLC now owns 77,355 shares of the company’s stock worth $746,000 after acquiring an additional 4,297 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Amplify Lithium& Battery Technology ETF during the third quarter valued at approximately $113,000. Finally, CWM LLC raised its position in shares of Amplify Lithium& Battery Technology ETF by 16.7% during the 2nd quarter. CWM LLC now owns 11,195 shares of the company’s stock worth $98,000 after purchasing an additional 1,602 shares during the period.

About Amplify Lithium& Battery Technology ETF

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.