Global X CleanTech ETF (NASDAQ:CTEC) Sees Significant Decline in Short Interest

Global X CleanTech ETF (NASDAQ:CTEC) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,296 shares, a drop of 63.5% from the December 15th total of 3,552 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,572 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 2,572 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

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

Global X CleanTech ETF Stock Performance

CTEC opened at $58.79 on Tuesday. The stock has a fifty day moving average of $55.97 and a 200-day moving average of $49.74. The company has a market capitalization of $27.63 million, a P/E ratio of 15.62 and a beta of 1.48. Global X CleanTech ETF has a fifty-two week low of $25.90 and a fifty-two week high of $63.72.

Global X CleanTech ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a $0.2802 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 104.0%.

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.