Global X Clean Tech ETF (NASDAQ:CTEC) Sees Large Drop in Short Interest

Global X Clean Tech ETF (NASDAQ:CTECGet Rating) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totalling 45,700 shares, a drop of 52.0% from the April 15th total of 95,300 shares. Based on an average daily volume of 56,800 shares, the days-to-cover ratio is presently 0.8 days.

A number of large investors have recently added to or reduced their stakes in CTEC. HAP Trading LLC raised its position in shares of Global X Clean Tech ETF by 335.7% during the third quarter. HAP Trading LLC now owns 57,130 shares of the company’s stock worth $1,065,000 after purchasing an additional 44,018 shares during the period. Morgan Stanley boosted its stake in shares of Global X Clean Tech ETF by 8.6% during the 2nd quarter. Morgan Stanley now owns 19,985 shares of the company’s stock worth $416,000 after acquiring an additional 1,586 shares in the last quarter. Money Design Co. Ltd. bought a new stake in shares of Global X Clean Tech ETF during the 1st quarter worth about $5,845,000. Financial Engines Advisors L.L.C. bought a new stake in Global X Clean Tech ETF during the 4th quarter valued at approximately $327,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Global X Clean Tech ETF by 204.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 437,500 shares of the company’s stock valued at $7,704,000 after purchasing an additional 294,000 shares during the period.

NASDAQ CTEC opened at $12.08 on Friday. Global X Clean Tech ETF has a 1-year low of $11.72 and a 1-year high of $22.66. The business’s 50-day simple moving average is $15.54 and its 200-day simple moving average is $16.89.

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