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

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

Institutional Trading of Global X Solar ETF

A hedge fund recently raised its stake in Global X Solar ETF stock. Jane Street Group LLC increased its holdings in Global X Solar ETF (NASDAQ:RAYS) by 41.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,020 shares of the company’s stock after buying an additional 4,717 shares during the period. Jane Street Group LLC owned about 2.46% of Global X Solar ETF worth $183,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.99% of the company’s stock.

Global X Solar ETF Stock Performance

NASDAQ RAYS traded down $0.30 on Thursday, reaching $9.06. The stock had a trading volume of 8,785 shares, compared to its average volume of 4,608. The business’s 50-day moving average price is $9.13 and its 200 day moving average price is $9.85. Global X Solar ETF has a 12-month low of $8.70 and a 12-month high of $12.65. The stock has a market cap of $5.89 million, a P/E ratio of -41.14 and a beta of 1.08.

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 given 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 -27.24%.

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.