Short Interest in Global X Solar ETF (NASDAQ:RAYS) Declines By 76.8%

Posted by Emily Schoerning on Jan 29th, 2025

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

Global X Solar ETF Price Performance

Shares of RAYS traded down $0.09 during trading hours on Tuesday, hitting $8.76. The stock had a trading volume of 14,332 shares, compared to its average volume of 6,161. Global X Solar ETF has a 52 week low of $8.70 and a 52 week high of $12.65. The stock has a market capitalization of $5.69 million, a price-to-earnings ratio of -39.76 and a beta of 1.08. The company’s fifty day moving average is $9.48 and its two-hundred day moving average is $10.00.

Global X Solar ETF Announces Dividend

The company 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Solar ETF stock. Jane Street Group LLC raised its holdings in Global X Solar ETF (NASDAQ:RAYS – Free Report) by 41.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,020 shares of the company’s stock after purchasing an additional 4,717 shares during the quarter. Jane Street Group LLC owned approximately 2.46% of Global X Solar ETF worth $183,000 as of its most recent SEC filing. 9.99% of the stock is currently owned by institutional investors.

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.