Global X Clean Tech ETF (NASDAQ:CTEC) Sees Significant Increase in Short Interest

Global X Clean Tech ETF (NASDAQ:CTEC) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 92,100 shares, a growth of 3,904.3% from the February 28th total of 2,300 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 23,700 shares, the short-interest ratio is currently 3.9 days.

Global X Clean Tech ETF Stock Up 0.3 %

Shares of CTEC opened at $6.35 on Friday. The stock’s 50-day moving average price is $6.65 and its 200-day moving average price is $7.13. The company has a market capitalization of $29.27 million, a price-to-earnings ratio of 14.29 and a beta of 1.41. Global X Clean Tech ETF has a 52 week low of $6.11 and a 52 week high of $10.07.

Institutional Investors Weigh In On Global X Clean Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. CreativeOne Wealth LLC lifted its stake 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 purchasing an additional 2,763 shares during the period. Flow Traders U.S. LLC purchased a new position in Global X Clean Tech ETF in the third quarter valued at $132,000. Integrated Wealth Concepts LLC raised its position in shares of 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 worth $115,000 after acquiring an additional 1,466 shares during the period. LPL Financial LLC boosted its stake in shares of Global X Clean Tech ETF by 41.2% during the 4th quarter. LPL Financial LLC now owns 32,994 shares of the company’s stock worth $224,000 after acquiring an additional 9,623 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Global X Clean Tech ETF by 55.8% during the 4th quarter. Jane Street Group LLC now owns 80,622 shares of the company’s stock valued at $547,000 after acquiring an additional 28,867 shares during the period.

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.