Short Interest in Global X CleanTech ETF (NASDAQ:CTEC) Decreases By 63.5%

by · The Cerbat Gem

Global X CleanTech ETF (NASDAQ:CTEC – Get Free Report) was the target 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. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 2,572 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 2,572 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X CleanTech ETF

Hedge funds have recently bought and sold shares of the company. BLVD Private Wealth LLC bought a new position in Global X CleanTech ETF in the 2nd quarter valued at about $1,252,000. rebel Financial LLC purchased a new position in Global X CleanTech ETF in the second quarter worth $112,000. Finally, Raymond James Financial Inc. bought a new position in Global X CleanTech ETF in the 2nd quarter valued at $26,000.

Global X CleanTech ETF Stock Performance

NASDAQ CTEC opened at $58.46 on Wednesday. The business has a 50 day simple moving average of $55.99 and a 200 day simple moving average of $49.91. Global X CleanTech ETF has a 52-week low of $25.90 and a 52-week high of $63.72. The stock has a market cap of $27.48 million, a price-to-earnings ratio of 15.62 and a beta of 1.48.

Global X CleanTech ETF Announces Dividend

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

About Global X CleanTech ETF

(Get Free Report)

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.

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