Global X Solar ETF (NASDAQ:RAYS) Short Interest Down 38.6% in March

Global X Solar ETF (NASDAQ:RAYS) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,700 shares, a decrease of 38.6% from the March 15th total of 4,400 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 0.2 days.

Global X Solar ETF Price Performance

NASDAQ:RAYS traded down $0.07 during mid-day trading on Thursday, hitting $7.68. The company’s stock had a trading volume of 719 shares, compared to its average volume of 8,573. Global X Solar ETF has a 1 year low of $7.12 and a 1 year high of $12.63. The stock has a market cap of $3.84 million, a price-to-earnings ratio of -34.88 and a beta of 1.08. The business’s fifty day moving average is $8.68 and its two-hundred day moving average is $9.49.

Institutional Trading of Global X Solar ETF

A hedge fund recently raised its stake in Global X Solar ETF stock. Jane Street Group LLC lifted its position in shares of Global X Solar ETF (NASDAQ:RAYS) by 41.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing. 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.