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

by · The Markets Daily

Global X CleanTech ETF (NASDAQ:CTEC – Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 3,552 shares, an increase of 37.8% from the November 30th total of 2,578 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 6,992 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 6,992 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Trading of Global X CleanTech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Global X CleanTech ETF during the 2nd quarter worth $26,000. rebel Financial LLC acquired a new position in Global X CleanTech ETF in the second quarter valued at $112,000. Finally, BLVD Private Wealth LLC purchased a new position in Global X CleanTech ETF during the second quarter worth about $1,252,000.

Global X CleanTech ETF Price Performance

NASDAQ:CTEC traded down $0.34 on Wednesday, reaching $53.06. The stock had a trading volume of 1,678 shares, compared to its average volume of 4,447. Global X CleanTech ETF has a 12-month low of $25.90 and a 12-month high of $63.72. The company has a market cap of $26.53 million, a price-to-earnings ratio of 15.62 and a beta of 1.48. The firm’s fifty day moving average is $56.33 and its two-hundred day moving average is $48.37.

Global X CleanTech ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th will be paid a dividend of $0.2802 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a dividend yield of 104.0%.

Global X CleanTech ETF Company Profile

(Get Free Report)

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.

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