Short Interest in Global X Clean Tech ETF (NASDAQ:CTEC) Increases By 7.4%

Global X Clean Tech ETF (NASDAQ:CTEC) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 5,800 shares, an increase of 7.4% from the June 15th total of 5,400 shares. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is presently 0.4 days.

Global X Clean Tech ETF Stock Performance

Shares of CTEC stock traded down $0.03 on Thursday, reaching $8.49. 7,066 shares of the company’s stock traded hands, compared to its average volume of 20,565. The business’s 50 day moving average price is $9.00 and its two-hundred day moving average price is $9.17. The company has a market capitalization of $43.72 million, a P/E ratio of 7.95 and a beta of 1.41. Global X Clean Tech ETF has a 12-month low of $7.69 and a 12-month high of $15.55.

Global X Clean Tech ETF Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 27th were given a $0.0253 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Trading of Global X Clean Tech ETF

A hedge fund recently raised its stake in Global X Clean Tech ETF stock. Tradition Wealth Management LLC raised its stake in shares of Global X Clean Tech ETF (NASDAQ:CTEC) by 1,027.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,584 shares of the company’s stock after buying an additional 6,000 shares during the period. Tradition Wealth Management LLC owned about 0.12% of Global X Clean Tech ETF worth $71,000 as of its most recent SEC filing.

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.