Global X Solar ETF (NASDAQ:RAYS) Sees Large Decline in Short Interest

Global X Solar ETF (NASDAQ:RAYS) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 5,400 shares, a decrease of 76.8% from the December 15th total of 23,300 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is currently 0.8 days.

Global X Solar ETF Stock Up 2.8 %

Global X Solar ETF stock traded up $0.25 on Tuesday, hitting $9.09. The company’s stock had a trading volume of 6,316 shares, compared to its average volume of 4,439. Global X Solar ETF has a one year low of $8.74 and a one year high of $12.65. The firm has a market cap of $5.91 million, a P/E ratio of -41.27 and a beta of 1.08. The company has a fifty day moving average price of $9.70 and a 200-day moving average price of $10.03.

Global X Solar ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued a dividend of $0.0336 per share. The ex-dividend date of this dividend was Monday, December 30th. Global X Solar ETF’s payout ratio is presently -27.24%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Solar ETF stock. Jane Street Group LLC grew its holdings in Global X Solar ETF (NASDAQ:RAYS) by 41.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,020 shares of the company’s stock after purchasing an additional 4,717 shares during the quarter. Jane Street Group LLC owned approximately 2.46% of Global X Solar ETF worth $183,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.99% of the company’s stock.

About Global X Solar ETF

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.