LIT buying or selling just reflects whether people are buying or selling LIT. It’s an index fund with an index weighting of ~1.8% to PLS (ie. the Solactive index weighting). LIT has no view regarding the value of PLS and their buying just reflects underlying demand for the ETF (investors who are mainly focussed on ALB, SQM, Tesla, Samsung et al).
So, LIT buying confirms PLS is riding coat tails to me ... until some actual PLS news refocuses the market.
PLS chart to start 2019, page-2409
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Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |