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

Global X Clean Tech ETF (NASDAQ:CTEC) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,500 shares, a growth of 38.9% from the January 31st total of 1,800 shares. Based on an average trading volume of 24,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Global X Clean Tech ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CTEC. Integrated Wealth Concepts LLC increased its stake 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 worth $115,000 after acquiring an additional 1,466 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Global X Clean Tech ETF during the 3rd quarter worth $132,000. LPL Financial LLC grew its holdings 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 purchasing an additional 9,623 shares during the period. CreativeOne Wealth LLC grew its holdings in shares of Global X Clean Tech ETF by 5.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 56,798 shares of the company’s stock worth $475,000 after purchasing an additional 2,763 shares during the period. Finally, Jane Street Group LLC grew its holdings 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 worth $547,000 after purchasing an additional 28,867 shares during the period.

Global X Clean Tech ETF Stock Up 1.3 %

Shares of CTEC traded up $0.09 during midday trading on Wednesday, reaching $6.43. The company had a trading volume of 1,362 shares, compared to its average volume of 25,056. Global X Clean Tech ETF has a 1-year low of $6.11 and a 1-year high of $10.07. The stock has a market cap of $28.21 million, a PE ratio of 11.46 and a beta of 1.44. The firm has a 50 day simple moving average of $6.83 and a 200-day simple moving average of $7.27.

Global X Clean Tech ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a $0.0804 dividend. The ex-dividend date of this dividend was Monday, December 30th.

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.