Lithium battery stock index

What is the Global X lithium & battery tech ETF (lit)?

The Global X Lithium & Battery Tech ETF (LIT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index. Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable).

What is lithium & battery tech ETF (lit)?

LIT invests in companies throughout the lithium cycle, including mining, refinement and battery production, cutting across traditional sector and geographic definitions. The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.

Why has the Global X lithium & battery tech ETF (lit) crashed?

The Global X Lithium & Battery Tech ETF (LIT) has plunged hard in the past few months. It has crashed by over 54% from its highest point in November 2021. The Global X Lithium & Battery Tech ETF has seen a decline in assets under management and poor performance, raising concerns for long-term investors.

How much will lit invest in the underlying index?

The Fund will invest at least 80% of its total assets in the securities of the Underlying Index and of companies that are economically tied to the lithium industry. No news for LIT in the past two years. The total number of shares of a security that have been sold short and not yet repurchased.

What is a Solactive global lithium investment?

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index.

What is lit (lit)?

The fund tracks a market-cap-weighted index of global lithium miners and battery producers. LIT was launched on Jul 22, 2010 and is issued by Global X. Cleaner energy investments, particularly in EVs powered by lithium-ion batteries, are gaining traction, making the lithium industry important to know for investors.