Short Interest in Global X Clean Tech ETF (NASDAQ:CTEC) Rises By 3,904.3%

Global X Clean Tech ETF (NASDAQ:CTEC) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 92,100 shares, a growth of 3,904.3% from the February 28th total of 2,300 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average trading volume of 23,700 shares, the short-interest ratio is currently 3.9 days.

Global X Clean Tech ETF Price Performance

Shares of NASDAQ CTEC traded down $0.15 during mid-day trading on Wednesday, hitting $6.33. 1,530 shares of the company’s stock traded hands, compared to its average volume of 16,614. The company’s 50-day moving average is $6.68 and its two-hundred day moving average is $7.14. The company has a market capitalization of $29.18 million, a P/E ratio of 14.29 and a beta of 1.41. Global X Clean Tech ETF has a 1 year low of $6.11 and a 1 year high of $10.07.

Global X Clean Tech ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued a dividend of $0.0804 per share. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its position 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 purchasing an additional 1,466 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Global X Clean Tech ETF during the 3rd quarter valued at approximately $132,000. LPL Financial LLC raised its holdings in shares of Global X Clean Tech ETF by 41.2% in the fourth quarter. LPL Financial LLC now owns 32,994 shares of the company’s stock worth $224,000 after buying an additional 9,623 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in shares of Global X Clean Tech ETF by 5.1% during the third quarter. CreativeOne Wealth LLC now owns 56,798 shares of the company’s stock worth $475,000 after buying 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 fourth quarter. Jane Street Group LLC now owns 80,622 shares of the company’s stock valued at $547,000 after buying an additional 28,867 shares during the last quarter.

Global X Clean Tech 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.