Global X CleanTech ETF (NASDAQ:CTEC) Stock Short Interest Declines 35.4%

Global X CleanTech ETF (NASDAQ:CTEC) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 2,438 shares, a decrease of 35.4% from the September 30th total of 3,773 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 1,876 shares, the days-to-cover ratio is currently 1.3 days.

Global X CleanTech ETF Stock Up 1.3%

CTEC stock opened at $50.62 on Tuesday. Global X CleanTech ETF has a 52 week low of $49.59 and a 52 week high of $83.01. The business has a 50-day simple moving average of $55.61 and a 200 day simple moving average of $60.50. The company has a market cap of $21.26 million, a PE ratio of 15.62 and a beta of 1.56.

Institutional Trading of Global X CleanTech ETF

An institutional investor recently bought a new position in Global X CleanTech ETF stock. Western Wealth Management LLC acquired a new stake in shares of Global X CleanTech ETF (NASDAQ:CTEC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,419 shares of the company’s stock, valued at approximately $83,000. Western Wealth Management LLC owned approximately 0.32% of Global X CleanTech ETF at the end of the most recent reporting period.

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.