Global X CleanTech ETF (NASDAQ:CTEC) Shares Up 6.8% – Here’s Why

Global X CleanTech ETF (NASDAQ:CTEC) shot up 6.8% on Thursday . The stock traded as high as $54.30 and last traded at $54.30. 1,370 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 4,268 shares. The stock had previously closed at $50.82.

Global X CleanTech ETF Price Performance

The stock has a market capitalization of $23.89 million, a PE ratio of 15.62 and a beta of 1.52. The company has a 50 day moving average price of $64.17 and a 200-day moving average price of $62.60.

Global X CleanTech ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued a $0.0747 dividend. The ex-dividend date was Monday, June 29th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of Global X CleanTech ETF by 39.9% in the 4th quarter. Jane Street Group LLC now owns 8,730 shares of the company’s stock worth $464,000 after purchasing an additional 2,488 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Global X CleanTech ETF during the second quarter valued at about $26,000. CIBC Private Wealth Group LLC bought a new position in Global X CleanTech ETF in the fourth quarter worth about $26,000. Finally, Western Wealth Management LLC bought a new position in Global X CleanTech ETF in the first quarter worth about $83,000.

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.