Global X CleanTech ETF (NASDAQ:CTEC) Trading Down 5.6% – Here’s What Happened

Shares of Global X CleanTech ETF (NASDAQ:CTEC) fell 5.6% during mid-day trading on Thursday . The stock traded as low as $56.32 and last traded at $56.87. 8,282 shares were traded during trading, an increase of 94% from the average session volume of 4,265 shares. The stock had previously closed at $60.25.

Global X CleanTech ETF Stock Performance

The business has a 50-day moving average price of $53.84 and a 200 day moving average price of $43.08. The stock has a market capitalization of $28.44 million, a P/E ratio of 15.62 and a beta of 1.48.

Institutional Investors Weigh In On Global X CleanTech ETF

A number of institutional investors have recently modified their holdings of the stock. BLVD Private Wealth LLC purchased a new position in shares of Global X CleanTech ETF in the 2nd quarter worth about $1,252,000. Raymond James Financial Inc. purchased a new position in Global X CleanTech ETF in the second quarter worth about $26,000. rebel Financial LLC purchased a new position in Global X CleanTech ETF in the second quarter worth about $112,000. Finally, Flow Traders U.S. LLC lifted its stake in shares of Global X CleanTech ETF by 58.4% in the first quarter. Flow Traders U.S. LLC now owns 131,459 shares of the company’s stock worth $787,000 after buying an additional 48,444 shares in the last quarter.

About Global X CleanTech 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.