Global X Clean Tech ETF (NASDAQ:CTEC) Short Interest Down 92.9% in December

Global X Clean Tech ETF (NASDAQ:CTEC) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 300 shares, a decline of 92.9% from the November 30th total of 4,200 shares. Based on an average trading volume of 17,400 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Global X Clean Tech ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new position in shares of Global X Clean Tech ETF during the 3rd quarter valued at approximately $132,000. Money Design Co. Ltd. lifted its stake in Global X Clean Tech ETF by 8.0% in the third quarter. Money Design Co. Ltd. now owns 207,468 shares of the company’s stock valued at $1,734,000 after purchasing an additional 15,358 shares during the last quarter. Good Life Advisors LLC bought a new position in Global X Clean Tech ETF during the third quarter valued at $89,000. CreativeOne Wealth LLC grew its holdings in 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 valued at $475,000 after purchasing an additional 2,763 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in Global X Clean Tech ETF by 11.9% in the third quarter. Integrated Wealth Concepts LLC now owns 13,735 shares of the company’s stock worth $115,000 after buying an additional 1,466 shares during the last quarter.

Global X Clean Tech ETF Stock Down 1.4 %

Global X Clean Tech ETF stock traded down $0.10 during midday trading on Friday, hitting $7.07. 17,262 shares of the stock were exchanged, compared to its average volume of 18,182. Global X Clean Tech ETF has a 52-week low of $6.65 and a 52-week high of $10.96. The business’s 50-day moving average price is $7.20 and its 200-day moving average price is $7.77. The stock has a market capitalization of $34.78 million, a price-to-earnings ratio of 7.95 and a beta of 1.41.

About Global X Clean Tech 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.