Short Interest in Global X CleanTech ETF (NASDAQ:CTEC) Rises By 37.8%

Global X CleanTech ETF (NASDAQ:CTEC) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,552 shares, an increase of 37.8% from the November 30th total of 2,578 shares. Based on an average daily trading volume, of 6,992 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 6,992 shares, the days-to-cover ratio is currently 0.5 days.

Global X CleanTech ETF Trading Down 0.9%

Shares of CTEC opened at $54.41 on Tuesday. The company’s 50 day simple moving average is $56.38 and its 200-day simple moving average is $48.24. The firm has a market cap of $27.20 million, a PE ratio of 15.62 and a beta of 1.48. Global X CleanTech ETF has a 12-month low of $25.90 and a 12-month high of $63.72.

Institutional Investors Weigh In On Global X CleanTech ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BLVD Private Wealth LLC acquired a new stake in shares of Global X CleanTech ETF during the second quarter worth about $1,252,000. rebel Financial LLC purchased a new position in shares of Global X CleanTech ETF in the 2nd quarter valued at approximately $112,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Global X CleanTech ETF in the second quarter valued at approximately $26,000.

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.