Short Interest in Global X Clean Tech ETF (NASDAQ:CTEC) Drops By 76.9%

Global X Clean Tech ETF (NASDAQ:CTECGet Free Report) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,500 shares, a decline of 76.9% from the January 15th total of 6,500 shares. Based on an average daily volume of 26,900 shares, the days-to-cover ratio is presently 0.1 days.

Global X Clean Tech ETF Stock Up 3.8 %

Shares of NASDAQ:CTEC traded up $0.36 during midday trading on Monday, reaching $9.83. 12,938 shares of the company traded hands, compared to its average volume of 29,463. Global X Clean Tech ETF has a 12 month low of $8.67 and a 12 month high of $16.60. The firm has a market capitalization of $54.36 million, a price-to-earnings ratio of 33.46 and a beta of 1.41. The firm’s fifty day moving average price is $9.80 and its two-hundred day moving average price is $10.59.

Global X Clean Tech ETF Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, January 8th. Investors of record on Friday, December 29th were paid a dividend of $0.055 per share. This is a positive change from Global X Clean Tech ETF’s previous Semi-Annual dividend of $0.03. The ex-dividend date was Thursday, December 28th.

Institutional Trading of Global X Clean Tech ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CTEC. UBS Group AG raised its stake in shares of Global X Clean Tech ETF by 271.9% during the 4th quarter. UBS Group AG now owns 2,064 shares of the company’s stock valued at $30,000 after purchasing an additional 1,509 shares during the period. Tower Research Capital LLC TRC increased its stake in Global X Clean Tech ETF by 1,167.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,268 shares of the company’s stock worth $33,000 after acquiring an additional 2,089 shares during the last quarter. Coastal Investment Advisors Inc. purchased a new stake in shares of Global X Clean Tech ETF in the 2nd quarter valued at about $36,000. Tradition Wealth Management LLC increased its position in shares of Global X Clean Tech ETF by 1,027.4% in the fourth quarter. Tradition Wealth Management LLC now owns 6,584 shares of the company’s stock worth $71,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Global X Clean Tech ETF in the 2nd quarter worth approximately $91,000.

About Global X Clean Tech ETF

(Get Free Report)

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

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