Day to day discussions on S/P, page-7948

All of 64,200 shares added in 2 months according to the posted spreadsheet.....WOW

I reckon some of you out there could have personally added more shares than that.

The LIT X ETF is more thinly traded than the stocks that make it up.

LIT 90 day daily average trading volume is 47,680 shares. At US$30/share that's a daily value of US$1.43 million.

Tesla which is the 5 biggest holding in LIT X has an average of 7,575,701 shares traded daily, that's a daily value of ~US$2.4 billion or 1,695 x more value traded in Tesla than LIT on a daily basis based on its current price of $320/share.

LIT X Net assets are ~US$629.7 million. Not really much of a fund at all in the ETF zoo, reflecting how insignificant lithium actually is when it comes to global markets.

Here are the stats for the three largest ETF funds in the world.

SPY SPDR S&P 500 ETF US$261.9 billion Daily volume 110,281,313
IVV iShares Core S&P 500 ETF US $160.1 billion 6,069,186
VTI Vanguard Total Stock Market ETF US$108.2 billion 4,911,374

The hundredth biggest ETF fund as assets of US$6.9 billion which is about 11 x bigger than LIT X.

There is over US$4.6 trillion invested in ETF globally. These are the out of control derivative products that will probably cause the next major market meltdown when there are more sheepeople selling than gates able to hold them back. Esh