Short Interest in Global X Clean Tech ETF (NASDAQ:CTEC) Decreases By 55.2%

Posted by Donna Armstrong on Jul 28th, 2024

Global X Clean Tech ETF (NASDAQ:CTEC – Get Free Report) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 2,600 shares, a decrease of 55.2% from the June 30th total of 5,800 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is currently 0.2 days.

Global X Clean Tech ETF Stock Performance

CTEC stock traded up $0.14 during mid-day trading on Friday, reaching $8.34. The company had a trading volume of 17,572 shares, compared to its average volume of 20,429. Global X Clean Tech ETF has a fifty-two week low of $7.69 and a fifty-two week high of $14.96. The company has a market capitalization of $42.95 million, a price-to-earnings ratio of 7.95 and a beta of 1.41. The firm has a fifty day simple moving average of $8.89 and a 200 day simple moving average of $9.07.

Global X Clean Tech ETF Dividend Announcement

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Clean Tech ETF stock. Tradition Wealth Management LLC raised its stake in Global X Clean Tech ETF (NASDAQ:CTEC – Free Report) by 1,027.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,584 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Tradition Wealth Management LLC owned 0.12% of Global X Clean Tech ETF worth $71,000 as of its most recent SEC filing.

Global X Clean Tech 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.