Global X Clean Tech ETF (NASDAQ:CTEC) Sees Large Decrease in Short Interest

Global X Clean Tech ETF (NASDAQ:CTEC) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 300 shares, a decline of 92.9% from the November 30th total of 4,200 shares. Based on an average daily trading volume, of 17,400 shares, the days-to-cover ratio is currently 0.0 days.

Global X Clean Tech ETF Price Performance

CTEC traded down $0.10 on Friday, hitting $7.07. The company had a trading volume of 17,262 shares, compared to its average volume of 18,182. The stock has a fifty day simple moving average of $7.20 and a 200-day simple moving average of $7.76. The firm has a market capitalization of $34.78 million, a P/E ratio of 7.95 and a beta of 1.41. Global X Clean Tech ETF has a 52-week low of $6.65 and a 52-week high of $10.96.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Money Design Co. Ltd. boosted its holdings in shares of Global X Clean Tech ETF by 8.0% during 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 in the last quarter. Good Life Advisors LLC bought a new stake in Global X Clean Tech ETF during the third quarter worth about $89,000. CreativeOne Wealth LLC increased its stake in shares of Global X Clean Tech ETF by 5.1% during 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 shares of Global X Clean Tech ETF during the third quarter valued at approximately $132,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of Global X Clean Tech ETF by 11.9% during 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 during the last quarter.

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.