Global X PropTech ETF (NASDAQ:PTEC) Sees Large Growth in Short Interest

Global X PropTech ETF (NASDAQ:PTEC) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 200 shares, a growth of 100.0% from the February 13th total of 100 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the shares of the company are short sold.

Global X PropTech ETF Stock Up 3.7 %

NASDAQ PTEC traded up $1.25 during trading hours on Friday, hitting $34.88. The company had a trading volume of 31 shares, compared to its average volume of 153. The firm has a market cap of $1.74 million, a P/E ratio of -1,162.67 and a beta of 1.45. Global X PropTech ETF has a fifty-two week low of $28.46 and a fifty-two week high of $37.10. The business has a fifty day simple moving average of $35.04 and a 200-day simple moving average of $34.25.

Global X PropTech ETF Company Profile

The Global X PropTech ETF (PTEC) is an exchange-traded fund that is based on the Global X PropTech index. The fund tracks an index comprised of 50 global property technology companies, PropTechs, benefiting from innovations relating to residential and commercial real estate efficiency. Selection and weighting are based on market capitalization.