Global X CleanTech ETF (NASDAQ:CTEC) Sees Large Drop in Short Interest

Global X CleanTech ETF (NASDAQ:CTEC) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 2,506 shares, a decrease of 24.4% from the March 15th total of 3,314 shares. Based on an average trading volume of 4,373 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the company’s stock are short sold.

Global X CleanTech ETF Stock Down 0.8%

Shares of CTEC traded down $0.50 during mid-day trading on Thursday, hitting $62.11. 896 shares of the company traded hands, compared to its average volume of 4,693. Global X CleanTech ETF has a 1-year low of $27.60 and a 1-year high of $64.95. The company has a market capitalization of $27.33 million, a PE ratio of 15.62 and a beta of 1.41. The business has a 50 day moving average of $58.81 and a 200 day moving average of $57.58.

Hedge Funds Weigh In On Global X CleanTech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CTEC. Raymond James Financial Inc. acquired a new position in Global X CleanTech ETF in the 2nd quarter worth approximately $26,000. CIBC Private Wealth Group LLC acquired a new position in Global X CleanTech ETF in the 4th quarter worth approximately $26,000. Finally, Jane Street Group LLC increased its holdings in Global X CleanTech ETF by 39.9% in the 4th quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock worth $464,000 after buying an additional 2,488 shares during the period.

Global X CleanTech ETF Company Profile

The Global X CleanTech ETF (CTEC) is an exchange-traded fund that is based on the Indxx Global CleanTech index. The fund tracks a market-cap weighted index of global companies involved in the development and production of technologies that reduce negative impact on the environment. CTEC was launched on Oct 27, 2020 and is managed by Global X.