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

Global X CleanTech ETF (NASDAQ:CTEC) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 369 shares, a drop of 72.2% from the August 31st total of 1,329 shares. Based on an average daily trading volume, of 1,219 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Global X CleanTech ETF

An institutional investor recently bought a new position in Global X CleanTech ETF stock. Integrated Wealth Concepts LLC bought a new stake in shares of Global X CleanTech ETF (NASDAQ:CTEC) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 2,628 shares of the company’s stock, valued at approximately $170,000. Integrated Wealth Concepts LLC owned approximately 0.60% of Global X CleanTech ETF as of its most recent filing with the SEC.

Global X CleanTech ETF Trading Down 1.8%

CTEC opened at $55.66 on Friday. The stock has a market cap of $24.49 million, a PE ratio of 15.62 and a beta of 1.55. Global X CleanTech ETF has a 1 year low of $49.00 and a 1 year high of $83.01. The stock’s 50 day simple moving average is $57.03 and its 200-day simple moving average is $61.89.

About Global X CleanTech ETF

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.