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

Global X CleanTech ETF (NASDAQ:CTEC) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 3,314 shares, an increase of 37.7% from the February 26th total of 2,406 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 7,581 shares, the days-to-cover ratio is currently 0.4 days.

Global X CleanTech ETF Stock Down 2.6%

CTEC stock opened at $55.35 on Tuesday. Global X CleanTech ETF has a twelve month low of $25.90 and a twelve month high of $64.95. The stock has a market cap of $26.01 million, a P/E ratio of 15.62 and a beta of 1.48. The business’s 50-day moving average price is $59.41 and its 200-day moving average price is $56.70.

Institutional Investors Weigh In On Global X CleanTech ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Global X CleanTech ETF during the second quarter valued at approximately $26,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Global X CleanTech ETF in the fourth quarter worth $26,000. Jane Street Group LLC raised its position in shares of Global X CleanTech ETF by 39.9% during the 4th quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock valued at $464,000 after purchasing an additional 2,488 shares during the period. Finally, BLVD Private Wealth LLC bought a new stake in shares of Global X CleanTech ETF during the 2nd quarter valued at $1,252,000.

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.