Global X Clean Tech ETF (NASDAQ:CTEC) Short Interest Down 30.0% in November

Global X Clean Tech ETF (NASDAQ:CTEC) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 4,200 shares, a drop of 30.0% from the November 15th total of 6,000 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 0.3 days.

Global X Clean Tech ETF Trading Up 1.0 %

CTEC stock traded up $0.07 during trading hours on Friday, hitting $7.16. 14,438 shares of the stock were exchanged, compared to its average volume of 17,781. The firm has a market capitalization of $35.20 million, a P/E ratio of 7.95 and a beta of 1.41. The company has a 50-day simple moving average of $7.33 and a two-hundred day simple moving average of $7.96. Global X Clean Tech ETF has a 12 month low of $6.65 and a 12 month high of $10.96.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its position in Global X Clean Tech ETF by 11.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,735 shares of the company’s stock worth $115,000 after buying an additional 1,466 shares during the period. Flow Traders U.S. LLC bought a new position in Global X Clean Tech ETF during the 3rd quarter worth $132,000. CreativeOne Wealth LLC increased its position in Global X Clean Tech ETF by 5.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 56,798 shares of the company’s stock worth $475,000 after buying an additional 2,763 shares during the period. Good Life Advisors LLC bought a new position in Global X Clean Tech ETF during the 3rd quarter worth $89,000. Finally, Money Design Co. Ltd. increased its position in Global X Clean Tech ETF by 8.0% during the 3rd quarter. Money Design Co. Ltd. now owns 207,468 shares of the company’s stock worth $1,734,000 after buying an additional 15,358 shares during the period.

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.