Short Interest in Global X Solar ETF (NASDAQ:RAYS) Drops By 94.4%

Global X Solar ETF (NASDAQ:RAYS) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 900 shares, a decrease of 94.4% from the January 31st total of 16,000 shares. Based on an average trading volume of 6,100 shares, the short-interest ratio is presently 0.1 days.

Global X Solar ETF Stock Down 3.2 %

Shares of RAYS stock traded down $0.30 during mid-day trading on Thursday, reaching $9.06. The company’s stock had a trading volume of 8,785 shares, compared to its average volume of 4,608. The company’s 50 day simple moving average is $9.13 and its 200-day simple moving average is $9.85. Global X Solar ETF has a 12-month low of $8.70 and a 12-month high of $12.65. The firm has a market capitalization of $5.89 million, a PE ratio of -41.14 and a beta of 1.08.

Global X Solar ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were paid a $0.0336 dividend. The ex-dividend date was Monday, December 30th. Global X Solar ETF’s dividend payout ratio (DPR) is currently -27.24%.

Institutional Trading of Global X Solar ETF

An institutional investor recently raised its position in Global X Solar ETF stock. Jane Street Group LLC lifted its holdings in shares of Global X Solar ETF (NASDAQ:RAYS) by 41.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,020 shares of the company’s stock after acquiring an additional 4,717 shares during the quarter. Jane Street Group LLC owned 2.46% of Global X Solar ETF worth $183,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 9.99% of the company’s stock.

Global X Solar ETF Company Profile

The Global X Solar ETF (RAYS) is an exchange-traded fund that is based on the Solactive Solar index, a market-cap-weighted index of global solar energy companies selected based on their revenue generated from solar-related business, and ESG criteria. RAYS was launched on Sep 8, 2021 and is managed by Global X.