Just had a look at the fund flows for LIT US, the Global X Lithium and Battery Tech ETF over the past year... it had very large inflows in the back half of 2017 but has been more or less one-way-traffic outflow mode for 2018 and into 2019. Outflows seem to have slowed this year though. The practical problem for GXY is that over the past six month, the ETF has sold about 1% of shares outstanding in GXY and a similar percentage in PLS, while it bought 1.8% of KDR as the index rebalanced. If the fund stems its outflows, this would remove a source of downward pressure on PLS and GXY.
GXY Price at posting:
$2.19 Sentiment: None Disclosure: Not Held
