Short Interest in Global X CleanTech ETF (NASDAQ:CTEC) Drops By 24.4%
by Jessica Moore · The Cerbat GemGlobal X CleanTech ETF (NASDAQ:CTEC – Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 2,506 shares, a drop of 24.4% from the March 15th total of 3,314 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 4,373 shares, the days-to-cover ratio is currently 0.6 days.
Global X CleanTech ETF Stock Performance
CTEC remained flat at $62.68 during trading on Friday. 999 shares of the company traded hands, compared to its average volume of 4,694. The stock has a market capitalization of $27.58 million, a price-to-earnings ratio of 15.62 and a beta of 1.41. Global X CleanTech ETF has a 12-month low of $27.60 and a 12-month high of $64.95. The company has a 50 day simple moving average of $58.90 and a 200 day simple moving average of $57.61.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CTEC. Raymond James Financial Inc. bought a new position in shares of Global X CleanTech ETF during the 2nd quarter worth about $26,000. Jane Street Group LLC increased its holdings 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 worth $464,000 after purchasing an additional 2,488 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Global X CleanTech ETF in the 4th quarter worth approximately $26,000.
About Global X CleanTech ETF
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.