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

Global X CleanTech ETF (NASDAQ:CTEC – Get Free Report) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 2,438 shares, a decrease of 35.4% from the September 30th total of 3,773 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 1,876 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Global X CleanTech ETF

An institutional investor recently bought a new stake in Global X CleanTech ETF stock. Integrated Wealth Concepts LLC acquired a new position in Global X CleanTech ETF (NASDAQ:CTEC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 SEC filing.

Global X CleanTech ETF Price Performance

CTEC stock opened at $49.95 on Monday. The stock has a market capitalization of $20.98 million, a P/E ratio of 15.62 and a beta of 1.56. Global X CleanTech ETF has a fifty-two week low of $49.59 and a fifty-two week high of $83.01. The business has a 50-day moving average of $55.75 and a 200-day moving average of $60.54.

Global X CleanTech ETF Company Profile

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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.

Further Reading

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