Short Interest in Global X Clean Tech ETF (NASDAQ:CTEC) Declines By 30.0%

Global X Clean Tech ETF (NASDAQ:CTEC) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 4,200 shares, a decline of 30.0% from the November 15th total of 6,000 shares. Based on an average trading volume of 14,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Global X Clean Tech ETF

Several large investors have recently made changes to their positions in CTEC. Good Life Advisors LLC acquired a new stake in shares of Global X Clean Tech ETF in the 3rd quarter valued at approximately $89,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Global X Clean Tech ETF by 11.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,735 shares of the company’s stock valued at $115,000 after buying an additional 1,466 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Global X Clean Tech ETF in the 3rd quarter valued at approximately $132,000. CreativeOne Wealth LLC boosted its holdings in shares of Global X Clean Tech ETF by 5.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 56,798 shares of the company’s stock valued at $475,000 after buying an additional 2,763 shares during the last quarter. Finally, Money Design Co. Ltd. boosted its holdings in shares of 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.

Global X Clean Tech ETF Stock Up 1.0 %

Shares of NASDAQ CTEC traded up $0.07 during trading hours on Friday, hitting $7.16. The company had a trading volume of 14,438 shares, compared to its average volume of 17,781. The stock has a market capitalization of $35.20 million, a P/E ratio of 7.95 and a beta of 1.41. Global X Clean Tech ETF has a 1-year low of $6.65 and a 1-year high of $10.96. The firm’s 50 day moving average is $7.33 and its 200-day moving average is $7.96.

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.