Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) Sees Large Decrease in Short Interest

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 43 shares, a drop of 93.5% from the October 15th total of 658 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 76 shares, the short-interest ratio is currently 0.6 days.

Xtrackers RREEF Global Natural Resources ETF Trading Down 1.5%

NASDAQ:NRES traded down $0.49 on Tuesday, reaching $32.88. The stock had a trading volume of 14 shares, compared to its average volume of 1,220. The stock has a market cap of $35.18 million, a P/E ratio of 13.32 and a beta of 0.24. Xtrackers RREEF Global Natural Resources ETF has a 12-month low of $27.14 and a 12-month high of $36.43. The company has a 50-day moving average of $34.43 and a 200 day moving average of $33.85.

Xtrackers RREEF Global Natural Resources ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 18th were given a dividend of $0.1088 per share. The ex-dividend date of this dividend was Friday, September 18th. This is a decrease from Xtrackers RREEF Global Natural Resources ETF’s previous quarterly dividend of $0.2428. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.3%.

About Xtrackers RREEF Global Natural Resources ETF

The Xtrackers RREEF Global Natural Resources ETF (NRES) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in equity and equity-related securities of companies within the global natural resources sector. The fund aims for capital growth and income generation NRES was launched on Feb 27, 2024 and is issued by Xtrackers.