Global X Clean Tech ETF (NASDAQ:CTEC) Short Interest Up 26.0% in October

Global X Clean Tech ETF (NASDAQ:CTEC) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 6,300 shares, an increase of 26.0% from the October 15th total of 5,000 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 0.5 days.

Global X Clean Tech ETF Trading Up 1.5 %

Shares of NASDAQ CTEC traded up $0.10 during mid-day trading on Friday, reaching $6.89. 10,987 shares of the company’s stock were exchanged, compared to its average volume of 17,734. The firm has a market capitalization of $33.90 million, a price-to-earnings ratio of 7.95 and a beta of 1.41. The business has a fifty day simple moving average of $7.63 and a 200 day simple moving average of $8.25. Global X Clean Tech ETF has a twelve month low of $6.65 and a twelve month high of $10.96.

Institutional Investors Weigh In On Global X Clean Tech ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CTEC. Money Design Co. Ltd. raised its position in Global X Clean Tech ETF by 8.0% in the 3rd quarter. Money Design Co. Ltd. now owns 207,468 shares of the company’s stock valued at $1,734,000 after buying an additional 15,358 shares during the last quarter. Good Life Advisors LLC bought a new position in Global X Clean Tech ETF in the third quarter valued at approximately $89,000. CreativeOne Wealth LLC grew its stake in Global X Clean Tech ETF by 5.1% in the third quarter. CreativeOne Wealth LLC now owns 56,798 shares of the company’s stock valued at $475,000 after purchasing an additional 2,763 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Global X Clean Tech ETF in the third quarter valued at approximately $132,000. Finally, Integrated Wealth Concepts LLC grew its stake in Global X Clean Tech ETF by 11.9% in the third quarter. Integrated Wealth Concepts LLC now owns 13,735 shares of the company’s stock valued at $115,000 after purchasing an additional 1,466 shares in the last quarter.

Global X Clean Tech ETF Company Profile

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.