Global X Clean Tech ETF (NASDAQ:CTEC) Sees Large Decline in Short Interest

Global X Clean Tech ETF (NASDAQ:CTEC) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 2,600 shares, a drop of 55.2% from the June 30th total of 5,800 shares. Based on an average trading volume of 14,400 shares, the short-interest ratio is currently 0.2 days.

Global X Clean Tech ETF Trading Up 1.7 %

CTEC stock traded up $0.14 during trading on Friday, hitting $8.34. 17,572 shares of the company’s stock were exchanged, compared to its average volume of 20,429. The business has a 50-day moving average price of $8.89 and a two-hundred day moving average price of $9.07. The stock has a market capitalization of $42.95 million, a price-to-earnings ratio of 7.95 and a beta of 1.41. Global X Clean Tech ETF has a 52-week low of $7.69 and a 52-week high of $14.96.

Global X Clean Tech ETF Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 27th were given a dividend of $0.0253 per share. The ex-dividend date of this dividend was Thursday, June 27th.

Hedge Funds Weigh In On Global X Clean Tech ETF

A hedge fund recently raised its stake in Global X Clean Tech ETF stock. Tradition Wealth Management LLC boosted its holdings in Global X Clean Tech ETF (NASDAQ:CTEC) by 1,027.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,584 shares of the company’s stock after purchasing an additional 6,000 shares during the quarter. Tradition Wealth Management LLC owned about 0.12% of Global X Clean Tech ETF worth $71,000 at the end of the most recent quarter.

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.