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

Global X CleanTech ETF (NASDAQ:CTEC) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 2,933 shares, an increase of 17.0% from the March 31st total of 2,506 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 3,082 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

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

Global X CleanTech ETF Stock Up 0.7%

Shares of Global X CleanTech ETF stock traded up $0.47 on Friday, hitting $68.55. 1,129 shares of the company were exchanged, compared to its average volume of 4,546. The stock has a market capitalization of $30.16 million, a price-to-earnings ratio of 15.62 and a beta of 1.41. The company has a 50-day moving average price of $60.09 and a 200 day moving average price of $58.48. Global X CleanTech ETF has a 1-year low of $29.75 and a 1-year high of $69.27.

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.