Short Interest in Global X CleanTech ETF (NASDAQ:CTEC) Decreases By 27.1%

Global X CleanTech ETF (NASDAQ:CTEC) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 2,860 shares, a decrease of 27.1% from the January 29th total of 3,922 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 2,220 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 2,220 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC purchased a new stake in Global X CleanTech ETF during the 4th quarter worth approximately $26,000. Jane Street Group LLC grew its position in shares of Global X CleanTech ETF by 39.9% during the fourth quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock worth $464,000 after buying an additional 2,488 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Global X CleanTech ETF in the second quarter worth $26,000. Finally, BLVD Private Wealth LLC acquired a new stake in Global X CleanTech ETF in the second quarter valued at $1,252,000.

Global X CleanTech ETF Price Performance

CTEC stock traded up $0.16 during midday trading on Monday, reaching $58.76. 2,520 shares of the company’s stock traded hands, compared to its average volume of 4,298. Global X CleanTech ETF has a fifty-two week low of $25.90 and a fifty-two week high of $64.95. The business has a 50-day moving average price of $58.89 and a two-hundred day moving average price of $54.63. The company has a market capitalization of $27.62 million, a P/E ratio of 15.62 and a beta of 1.48.

Global X CleanTech ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a dividend of $0.2802 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 104.0%.

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.