Global X CleanTech ETF (NASDAQ:CTEC) Trading 4.4% Higher – What’s Next?

Global X CleanTech ETF (NASDAQ:CTEC)’s stock price traded up 4.4% during mid-day trading on Thursday . The stock traded as high as $72.65 and last traded at $72.65. 1,120 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 4,518 shares. The stock had previously closed at $69.59.

Global X CleanTech ETF Price Performance

The firm has a fifty day simple moving average of $63.67 and a 200-day simple moving average of $59.82. The firm has a market cap of $32.53 million, a P/E ratio of 15.62 and a beta of 1.49.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CTEC. Raymond James Financial Inc. bought a new position in shares of Global X CleanTech ETF in the second quarter valued at approximately $26,000. CIBC Private Wealth Group LLC bought a new position in shares of Global X CleanTech ETF in the fourth quarter valued at approximately $26,000. Jane Street Group LLC lifted its holdings in shares of Global X CleanTech ETF by 39.9% in the fourth quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock valued at $464,000 after purchasing an additional 2,488 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Global X CleanTech ETF in the first quarter valued at approximately $83,000.

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.