Global X Clean Tech ETF (NASDAQ:CTEC) Short Interest Down 57.1% in June

Global X Clean Tech ETF (NASDAQ:CTEC) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 5,400 shares, a drop of 57.1% from the May 31st total of 12,600 shares. Based on an average trading volume of 12,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Global X Clean Tech ETF

A hedge fund recently raised its stake in Global X Clean Tech ETF stock. Tradition Wealth Management LLC lifted its position in shares of Global X Clean Tech ETF (NASDAQ:CTEC) by 1,027.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,584 shares of the company’s stock after buying an additional 6,000 shares during the period. Tradition Wealth Management LLC owned about 0.12% of Global X Clean Tech ETF worth $71,000 as of its most recent SEC filing.

Global X Clean Tech ETF Trading Down 3.4 %

Shares of NASDAQ CTEC traded down $0.28 during midday trading on Friday, hitting $7.97. 27,471 shares of the company’s stock were exchanged, compared to its average volume of 20,807. The business’s fifty day moving average price is $9.12 and its two-hundred day moving average price is $9.37. The company has a market cap of $41.84 million, a price-to-earnings ratio of 7.95 and a beta of 1.41. Global X Clean Tech ETF has a 12-month low of $7.97 and a 12-month high of $15.74.

Global X Clean Tech ETF Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.0253 per share. The ex-dividend date is Thursday, June 27th.

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.