Short Interest in Global X CleanTech ETF (NASDAQ:CTEC) Declines By 15.9%

Global X CleanTech ETF (NASDAQ:CTEC) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 2,406 shares, a decline of 15.9% from the February 12th total of 2,860 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,721 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 4,721 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Global X CleanTech ETF

Institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC bought a new position in shares of Global X CleanTech ETF during the 4th quarter valued at $26,000. Raymond James Financial Inc. bought a new stake in Global X CleanTech ETF in the second quarter worth $26,000. Jane Street Group LLC boosted its position in 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 valued at $464,000 after buying an additional 2,488 shares during the period. Finally, BLVD Private Wealth LLC purchased a new stake in Global X CleanTech ETF during the second quarter valued at about $1,252,000.

Global X CleanTech ETF Price Performance

Shares of CTEC opened at $59.46 on Wednesday. The firm has a market cap of $27.95 million, a P/E ratio of 15.62 and a beta of 1.48. The stock has a 50 day simple moving average of $59.53 and a two-hundred day simple moving average of $55.83. Global X CleanTech ETF has a 1 year low of $25.90 and a 1 year high of $64.95.

Global X CleanTech ETF Dividend Announcement

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

Global X CleanTech ETF Company Profile

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.