Global X Clean Tech ETF (NASDAQ:CTEC) Short Interest Update

Global X Clean Tech ETF (NASDAQ:CTEC – Get Rating) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 123,900 shares, an increase of 144.4% from the April 30th total of 50,700 shares. Based on an average daily trading volume, of 26,500 shares, the days-to-cover ratio is currently 4.7 days.

Global X Clean Tech ETF Trading Down 0.3 %

Shares of Global X Clean Tech ETF stock opened at $14.38 on Friday. Global X Clean Tech ETF has a 12-month low of $12.65 and a 12-month high of $17.92. The company has a market cap of $103.39 million, a price-to-earnings ratio of 33.46 and a beta of 1.41. The company’s 50-day moving average price is $14.51 and its 200-day moving average price is $15.16.

Institutional Investors Weigh In On Global X Clean Tech ETF

A number of institutional investors and hedge funds have recently modified their holdings of CTEC. Ronald Blue Trust Inc. bought a new position in shares of Global X Clean Tech ETF in the first quarter worth approximately $25,000. OLD Mission Capital LLC bought a new position in shares of Global X Clean Tech ETF in the fourth quarter worth approximately $25,000. UBS Group AG increased its position in shares of Global X Clean Tech ETF by 271.9% in the fourth quarter. UBS Group AG now owns 2,064 shares of the company’s stock worth $30,000 after purchasing an additional 1,509 shares during the last quarter. GeoWealth Management LLC increased its position in shares of Global X Clean Tech ETF by 32.1% in the first quarter. GeoWealth Management LLC now owns 7,405 shares of the company’s stock worth $117,000 after purchasing an additional 1,800 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new position in shares of Global X Clean Tech ETF in the third quarter worth approximately $142,000.

Global X Clean Tech ETF Company Profile

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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.