Global X CleanTech ETF (NASDAQ:CTEC – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 2,438 shares, a drop of 35.4% from the September 30th total of 3,773 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 1,876 shares, the short-interest ratio is presently 1.3 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Global X CleanTech ETF stock. Western Wealth Management LLC acquired a new stake in Global X CleanTech ETF (NASDAQ:CTEC – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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.
Global X CleanTech ETF Stock Performance
NASDAQ:CTEC opened at $49.95 on Monday. The stock’s 50-day simple moving average is $55.75 and its 200 day simple moving average is $60.54. The company has a market cap of $20.98 million, a P/E ratio of 15.62 and a beta of 1.56. Global X CleanTech ETF has a 52-week low of $49.59 and a 52-week high of $83.01.
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.
Further Reading
- Five stocks we like better than Global X CleanTech ETF
- STMicroelectronics Could Reach New Highs—Here’s What Needs to Happen
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
Receive News & Ratings for Global X CleanTech ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X CleanTech ETF and related companies with MarketBeat.com's FREE daily email newsletter.
