Global X Solar ETF (NASDAQ:RAYS) Short Interest Down 76.8% in December

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

Institutional Investors Weigh In On Global X Solar ETF

An institutional investor recently raised its position in Global X Solar ETF stock. Jane Street Group LLC grew its position in shares of Global X Solar ETF (NASDAQ:RAYS) by 41.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,020 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 9.99% of the company’s stock.

Global X Solar ETF Trading Up 2.8 %

NASDAQ:RAYS traded up $0.25 during mid-day trading on Tuesday, reaching $9.09. The company’s stock had a trading volume of 6,316 shares, compared to its average volume of 4,439. The stock has a market cap of $5.91 million, a P/E ratio of -41.27 and a beta of 1.08. The firm’s fifty day moving average price is $9.75 and its two-hundred day moving average price is $10.04. Global X Solar ETF has a 12-month low of $8.74 and a 12-month high of $12.65.

Global X Solar ETF Announces Dividend

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

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.