Short Interest in Global X PropTech ETF (NASDAQ:PTEC) Grows By 50.0%

Global X PropTech ETF (NASDAQ:PTEC) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 300 shares, an increase of 50.0% from the February 28th total of 200 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 100 shares, the short-interest ratio is currently 3.0 days.

Global X PropTech ETF Stock Performance

Shares of NASDAQ PTEC traded down $0.82 during mid-day trading on Friday, reaching $34.00. 21 shares of the company’s stock were exchanged, compared to its average volume of 154. The company’s 50-day moving average is $35.40 and its 200-day moving average is $34.53. The firm has a market capitalization of $1.70 million, a price-to-earnings ratio of -1,133.37 and a beta of 1.45. Global X PropTech ETF has a 52-week low of $28.46 and a 52-week high of $37.10.

About Global X PropTech ETF

The Global X PropTech ETF (PTEC) is an exchange-traded fund that is based on the Global X PropTech index. The fund tracks an index comprised of 50 global property technology companies, PropTechs, benefiting from innovations relating to residential and commercial real estate efficiency. Selection and weighting are based on market capitalization.