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

Global X Clean Tech ETF (NASDAQ:CTEC) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 6,300 shares, a growth of 26.0% from the October 15th total of 5,000 shares. Based on an average trading volume of 13,100 shares, the short-interest ratio is currently 0.5 days.

Global X Clean Tech ETF Stock Up 1.5 %

NASDAQ CTEC opened at $6.89 on Friday. Global X Clean Tech ETF has a fifty-two week low of $6.65 and a fifty-two week high of $10.96. The business has a 50 day moving average price of $7.62 and a two-hundred day moving average price of $8.23. The stock has a market cap of $33.90 million, a PE ratio of 7.95 and a beta of 1.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CTEC. Good Life Advisors LLC purchased a new stake in Global X Clean Tech ETF during the 3rd quarter worth $89,000. Integrated Wealth Concepts LLC increased its position in shares of Global X Clean Tech ETF by 11.9% during the third quarter. Integrated Wealth Concepts LLC now owns 13,735 shares of the company’s stock worth $115,000 after acquiring an additional 1,466 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Global X Clean Tech ETF in the third quarter worth about $132,000. CreativeOne Wealth LLC boosted its holdings in Global X Clean Tech ETF by 5.1% in the third quarter. CreativeOne Wealth LLC now owns 56,798 shares of the company’s stock valued at $475,000 after purchasing an additional 2,763 shares during the last quarter. Finally, Money Design Co. Ltd. boosted its holdings in Global X Clean Tech ETF by 8.0% in the third quarter. Money Design Co. Ltd. now owns 207,468 shares of the company’s stock valued at $1,734,000 after purchasing an additional 15,358 shares during the last quarter.

Global X Clean Tech 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.