Global X Solar ETF (NASDAQ:RAYS) Short Interest Update

Posted by Oscar Bower on Jan 29th, 2025

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

Global X Solar ETF Trading Down 1.1 %

NASDAQ:RAYS traded down $0.09 during trading hours on Tuesday, hitting $8.76. 14,332 shares of the company traded hands, compared to its average volume of 6,161. 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 firm has a 50-day moving average of $9.48 and a 200 day moving average of $10.00. Global X Solar ETF has a twelve month low of $8.70 and a twelve month high of $12.65.

Global X Solar ETF Dividend Announcement

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

Hedge Funds Weigh In On Global X Solar ETF

A hedge fund recently raised its stake in Global X Solar ETF stock. Jane Street Group LLC increased its position in shares of Global X Solar ETF (NASDAQ:RAYS – Free Report) by 41.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,020 shares of the company’s stock after purchasing an additional 4,717 shares during the period. Jane Street Group LLC owned about 2.46% of Global X Solar ETF worth $183,000 at the end of the most recent reporting period. Institutional investors own 9.99% of the company’s stock.

About Global X Solar ETF

(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.