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

Posted by Bonnie Powley on Mar 1st, 2025

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

Global X Solar ETF Price Performance

Shares of RAYS traded down $0.20 on Friday, reaching $8.86. The company’s stock had a trading volume of 39,514 shares, compared to its average volume of 6,974. The stock has a market capitalization of $5.76 million, a P/E ratio of -40.23 and a beta of 1.08. The stock’s 50 day simple moving average is $9.12 and its two-hundred day simple moving average is $9.84. Global X Solar ETF has a 12-month low of $8.70 and a 12-month high of $12.65.

Global X Solar ETF Dividend Announcement

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

Hedge Funds Weigh In On Global X Solar ETF

An institutional investor recently raised its position in Global X Solar ETF stock. Jane Street Group LLC raised its position in shares of Global X Solar ETF (NASDAQ:RAYS – Free Report) by 41.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,020 shares of the company’s stock after purchasing 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. Institutional investors and hedge funds own 9.99% of the company’s stock.

Global X Solar ETF Company Profile

(Get Free Report)

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.