Global X Clean Tech ETF (NASDAQ:CTEC) Trading Down 0.1% – What’s Next?

Shares of Global X Clean Tech ETF (NASDAQ:CTEC) dropped 0.1% during mid-day trading on Monday . The company traded as low as $7.01 and last traded at $7.05. Approximately 46,507 shares changed hands during trading, an increase of 162% from the average daily volume of 17,742 shares. The stock had previously closed at $7.06.

Global X Clean Tech ETF Trading Down 0.1 %

The company has a market cap of $34.69 million, a price-to-earnings ratio of 7.95 and a beta of 1.41. The stock has a 50-day simple moving average of $7.68 and a 200-day simple moving average of $8.28.

Hedge Funds Weigh In On Global X Clean Tech ETF

An institutional investor recently bought a new position in Global X Clean Tech ETF stock. Good Life Advisors LLC purchased a new position in Global X Clean Tech ETF (NASDAQ:CTEC) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,646 shares of the company’s stock, valued at approximately $89,000. Good Life Advisors LLC owned 0.22% of Global X Clean Tech ETF at the end of the most recent quarter.

Global X Clean Tech 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.