Global X CleanTech ETF (NASDAQ:CTEC) Sees Large Increase in Short Interest

Global X CleanTech ETF (NASDAQ:CTEC) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,773 shares, a growth of 922.5% from the September 15th total of 369 shares. Based on an average daily trading volume, of 1,657 shares, the short-interest ratio is presently 2.3 days. Currently, 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Global X CleanTech ETF

An institutional investor recently bought a new stake in Global X CleanTech ETF stock. Western Wealth Management LLC bought a new stake in Global X CleanTech ETF (NASDAQ:CTEC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,419 shares of the company’s stock, valued at approximately $83,000. Western Wealth Management LLC owned approximately 0.32% of Global X CleanTech ETF as of its most recent SEC filing.

Global X CleanTech ETF Trading Up 1.2%

Shares of CTEC stock opened at $56.36 on Friday. The company has a market capitalization of $24.80 million, a P/E ratio of 15.62 and a beta of 1.56. The business’s 50 day moving average is $57.39 and its two-hundred day moving average is $61.76. Global X CleanTech ETF has a twelve month low of $50.50 and a twelve month high of $83.01.

Global X CleanTech 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.