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

Global X PropTech ETF (NASDAQ:PTEC) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 600 shares, a growth of 500.0% from the November 30th total of 100 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 3.0 days.

Global X PropTech ETF Stock Up 0.6 %

Shares of PTEC traded up $0.19 on Thursday, hitting $33.89. 2 shares of the stock traded hands, compared to its average volume of 209. Global X PropTech ETF has a 1 year low of $27.67 and a 1 year high of $36.76. The stock’s 50 day moving average is $34.70 and its two-hundred day moving average is $32.78. The firm has a market capitalization of $3.39 million, a P/E ratio of -1,129.67 and a beta of 1.45.

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.