Short Interest in Global X Solar ETF (NASDAQ:RAYS) Expands By 677.4%

Posted by Irma Garcia on Jul 12th, 2024

Global X Solar ETF (NASDAQ:RAYS – Get Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 24,100 shares, a growth of 677.4% from the June 15th total of 3,100 shares. Based on an average trading volume of 7,800 shares, the short-interest ratio is currently 3.1 days.

Global X Solar ETF Price Performance

Global X Solar ETF stock traded up $0.24 during midday trading on Friday, hitting $10.45. 2,443 shares of the company were exchanged, compared to its average volume of 9,566. The company’s fifty day moving average price is $10.93 and its 200-day moving average price is $11.39. The company has a market cap of $6.27 million, a PE ratio of -47.27 and a beta of 1.08. Global X Solar ETF has a fifty-two week low of $9.40 and a fifty-two week high of $18.95.

Global X Solar ETF Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 27th were given a dividend of $0.0308 per share. The ex-dividend date of this dividend was Thursday, June 27th. Global X Solar ETF’s dividend payout ratio (DPR) is presently -13.62%.

Hedge Funds Weigh In On Global X Solar ETF

An institutional investor recently bought a new position in Global X Solar ETF stock. Albion Financial Group UT acquired a new position in shares of Global X Solar ETF (NASDAQ:RAYS – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,143 shares of the company’s stock, valued at approximately $49,000. Albion Financial Group UT owned about 0.73% of Global X Solar ETF 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

(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.