Short Interest in Global X CleanTech ETF (NASDAQ:CTEC) Rises By 50.0%

Global X CleanTech ETF (NASDAQ:CTEC) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 300 shares, an increase of 50.0% from the September 30th total of 200 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Global X CleanTech ETF during the 2nd quarter valued at about $26,000. rebel Financial LLC bought a new stake in shares of Global X CleanTech ETF in the 2nd quarter valued at approximately $112,000. Flow Traders U.S. LLC grew its stake 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 valued at $787,000 after buying an additional 48,444 shares in the last quarter. Finally, BLVD Private Wealth LLC bought a new stake in shares of Global X CleanTech ETF in the 2nd quarter valued at approximately $1,252,000.

Global X CleanTech ETF Price Performance

Global X CleanTech ETF stock traded down $1.54 during mid-day trading on Tuesday, hitting $58.99. The company’s stock had a trading volume of 3,466 shares, compared to its average volume of 4,108. The firm’s 50 day moving average is $51.16 and its 200 day moving average is $41.50. Global X CleanTech ETF has a 52-week low of $25.90 and a 52-week high of $61.35. The company has a market cap of $29.50 million, a PE ratio of 15.62 and a beta of 1.48.

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.