Global X PropTech ETF (NASDAQ:PTEC) Sees Significant Increase in Short Interest

Global X PropTech ETF (NASDAQ:PTEC) was the recipient 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. Based on an average daily volume of 100 shares, the short-interest ratio is currently 3.0 days. Approximately 0.6% of the shares of the company are short sold.

Global X PropTech ETF Stock Performance

Shares of PTEC traded down $0.34 during mid-day trading on Tuesday, reaching $33.84. 47 shares of the company’s stock traded hands, compared to its average volume of 153. The business’s 50-day moving average price is $35.39 and its 200-day moving average price is $34.57. The stock has a market capitalization of $1.69 million, a P/E ratio of -1,128.00 and a beta of 1.45. Global X PropTech ETF has a 12 month low of $28.46 and a 12 month 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.