Global X Clean Tech ETF (NASDAQ:CTEC) Sees Significant Decline in Short Interest

Global X Clean Tech ETF (NASDAQ:CTEC) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 9,000 shares, a drop of 9.1% from the September 15th total of 9,900 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Global X Clean Tech ETF

A hedge fund recently bought a new stake in Global X Clean Tech ETF stock. Good Life Advisors LLC bought a new stake in shares of Global X Clean Tech ETF (NASDAQ:CTEC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,646 shares of the company’s stock, valued at approximately $89,000. Good Life Advisors LLC owned about 0.22% of Global X Clean Tech ETF at the end of the most recent quarter.

Global X Clean Tech ETF Stock Down 1.8 %

Global X Clean Tech ETF stock traded down $0.13 during trading hours on Thursday, hitting $7.30. The stock had a trading volume of 15,367 shares, compared to its average volume of 17,620. The stock’s 50-day moving average price is $7.82 and its 200-day moving average price is $8.47. The stock has a market capitalization of $35.89 million, a P/E ratio of 7.95 and a beta of 1.41. Global X Clean Tech ETF has a 12-month low of $7.16 and a 12-month high of $10.96.

About Global X Clean Tech 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.