Global X CleanTech ETF (NASDAQ:CTEC) Trading Down 0.4% – Here’s What Happened

Global X CleanTech ETF (NASDAQ:CTEC) traded down 0.4% on Thursday . The company traded as low as $6.68 and last traded at $6.76. 6,315 shares were traded during mid-day trading, a decline of 69% from the average session volume of 20,532 shares. The stock had previously closed at $6.78.

Global X CleanTech ETF Stock Performance

The stock has a market cap of $21.00 million, a PE ratio of 16.99 and a beta of 1.41. The stock has a fifty day simple moving average of $6.42 and a two-hundred day simple moving average of $6.59.

Hedge Funds Weigh In On Global X CleanTech ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CTEC. Flow Traders U.S. LLC increased its position in shares of Global X CleanTech ETF by 58.4% in the 1st quarter. Flow Traders U.S. LLC now owns 131,459 shares of the company’s stock worth $787,000 after purchasing an additional 48,444 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Global X CleanTech ETF by 55.8% in the 4th quarter. Jane Street Group LLC now owns 80,622 shares of the company’s stock valued at $547,000 after purchasing an additional 28,867 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Global X CleanTech ETF by 41.2% in the 4th quarter. LPL Financial LLC now owns 32,994 shares of the company’s stock valued at $224,000 after purchasing an additional 9,623 shares in the last quarter.

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.