Global X PropTech ETF (PTEC) Short Interest Ratio & Short Volume

Short interest is the volume of Global X PropTech ETF shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 300 shares of PTEC short. Learn More on Global X PropTech ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. PTEC shares currently have a short interest ratio of 3.0. Learn More on Global X PropTech ETF's short interest ratio.

Global X PropTech ETF saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 300 shares, a drop of 25.0% from the previous total of 400 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Global X PropTech ETF: ProShares Ultra Nasdaq Cybersecurity ETF (0.11%), iShares Breakthrough Environmental Solutions ETF (1.00%), First Trust Indxx Metaverse ETF (1.00%), iShares Emergent Food and AgTech Multisector ETF (0.05%), Xtrackers US Green Infrastructure Select Equity ETF (0.27%), SPDR MSCI USA Climate Paris Aligned ETF (0.38%), First Trust Nasdaq Lux Digital Health Solutions ETF (2.73%), Global X AgTech & Food Innovation ETF (0.29%), ProShares Ultra Nasdaq Cloud Computing ETF (1.17%), Global X Wind Energy ETF (6.39%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

Short selling PTEC is an investing strategy that aims to generate trading profit from Global X PropTech ETF as its price is falling. PTEC shares are trading up $0.41 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Global X PropTech ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PTEC, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PTEC, twice per month. The most recent reporting period available is October, 31 2024.