Global X Solar ETF (NASDAQ:RAYS) Sees Large Growth in Short Interest

Global X Solar ETF (NASDAQ:RAYS) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 2,700 shares, an increase of 200.0% from the February 13th total of 900 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 7,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Solar ETF stock. Jane Street Group LLC increased its holdings in shares of Global X Solar ETF (NASDAQ:RAYS) by 41.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,020 shares of the company’s stock after buying an additional 4,717 shares during the period. Jane Street Group LLC owned about 2.46% of Global X Solar ETF worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 9.99% of the stock is currently owned by hedge funds and other institutional investors.

Global X Solar ETF Trading Up 2.2 %

Global X Solar ETF stock opened at $8.99 on Friday. Global X Solar ETF has a 12 month low of $8.68 and a 12 month high of $12.63. The firm has a market cap of $5.84 million, a PE ratio of -40.82 and a beta of 1.08. The stock’s 50 day simple moving average is $9.05 and its two-hundred day simple moving average is $9.77.

Global X Solar ETF Dividend Announcement

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

About Global X Solar ETF

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.