Global X Clean Tech ETF (NASDAQ:CTEC) Short Interest Up 567.3% in May

Global X Clean Tech ETF (NASDAQ:CTEC) was the target of a large growth in short interest during the month of May. As of May 28th, there was short interest totalling 67,400 shares, a growth of 567.3% from the May 13th total of 10,100 shares. Based on an average trading volume of 95,600 shares, the days-to-cover ratio is presently 0.7 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC bought a new position in Global X Clean Tech ETF during the first quarter worth about $31,000. GeoWealth Management LLC bought a new stake in Global X Clean Tech ETF during the 1st quarter worth approximately $32,000. UBS Group AG acquired a new stake in Global X Clean Tech ETF during the 1st quarter worth approximately $32,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Global X Clean Tech ETF in the first quarter valued at approximately $33,000. Finally, Ritter Daniher Financial Advisory LLC bought a new stake in shares of Global X Clean Tech ETF during the first quarter worth $191,000.

NASDAQ:CTEC traded up $0.25 during trading hours on Friday, hitting $19.37. The stock had a trading volume of 916 shares, compared to its average volume of 162,624. The firm has a 50 day moving average price of $19.60. Global X Clean Tech ETF has a one year low of $14.94 and a one year high of $29.54.

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