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

Global X CleanTech ETF (NASDAQ:CTEC) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 2,406 shares, a decline of 15.9% from the February 12th total of 2,860 shares. Based on an average trading volume of 4,721 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 4,721 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Global X CleanTech ETF

A number of hedge funds have recently added to or reduced their stakes in the company. BLVD Private Wealth LLC purchased a new stake in Global X CleanTech ETF during the 2nd quarter valued at $1,252,000. Jane Street Group LLC lifted its holdings in shares of Global X CleanTech ETF by 39.9% during the fourth quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock valued at $464,000 after purchasing an additional 2,488 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Global X CleanTech ETF during the second quarter valued at $26,000. Finally, CIBC Private Wealth Group LLC bought a new stake in Global X CleanTech ETF in the 4th quarter worth about $26,000.

Global X CleanTech ETF Price Performance

Global X CleanTech ETF stock traded up $0.70 during mid-day trading on Tuesday, reaching $59.37. The stock had a trading volume of 3,805 shares, compared to its average volume of 5,082. Global X CleanTech ETF has a one year low of $25.90 and a one year high of $64.95. The company has a 50-day moving average price of $59.48 and a two-hundred day moving average price of $55.72. The company has a market capitalization of $27.90 million, a price-to-earnings ratio of 15.62 and a beta of 1.48.

Global X CleanTech ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.2802 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 104.0%.

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.