Global X CleanTech ETF (NASDAQ:CTEC – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,773 shares, a growth of 922.5% from the September 15th total of 369 shares. Based on an average trading volume of 1,657 shares, the short-interest ratio is currently 2.3 days. Approximately 0.9% of the shares of the company are sold short.
Global X CleanTech ETF Price Performance
Shares of NASDAQ:CTEC traded up $0.65 during mid-day trading on Friday, reaching $56.36. 1,227 shares of the company traded hands, compared to its average volume of 3,669. Global X CleanTech ETF has a 52 week low of $50.50 and a 52 week high of $83.01. The firm has a market cap of $24.80 million, a PE ratio of 15.62 and a beta of 1.56. The company’s 50 day moving average price is $57.39 and its 200-day moving average price is $61.76.
Hedge Funds Weigh In On Global X CleanTech ETF
A hedge fund recently bought a new position in Global X CleanTech ETF stock. Western Wealth Management LLC bought a new position in Global X CleanTech ETF (NASDAQ:CTEC – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,419 shares of the company’s stock, valued at approximately $83,000. Western Wealth Management LLC owned about 0.32% of Global X CleanTech ETF at the end of the most recent quarter.
About Global X CleanTech 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.
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