Global X Solar ETF (NASDAQ:RAYS – Get Free Report) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 800 shares, a decline of 50.0% from the January 15th total of 1,600 shares. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is presently 0.1 days.
Global X Solar ETF Price Performance
Shares of RAYS stock traded up $0.38 on Monday, hitting $11.86. The stock had a trading volume of 23,594 shares, compared to its average volume of 11,352. The firm has a market capitalization of $6.40 million, a P/E ratio of -53.85 and a beta of 1.08. Global X Solar ETF has a 1 year low of $10.15 and a 1 year high of $22.01. The company’s 50 day moving average price is $11.92 and its 200-day moving average price is $12.96.
Institutional Investors Weigh In On Global X Solar ETF
Several institutional investors and hedge funds have recently modified their holdings of RAYS. Jane Street Group LLC raised its holdings in shares of Global X Solar ETF by 150.1% in the 2nd quarter. Jane Street Group LLC now owns 28,446 shares of the company’s stock valued at $628,000 after buying an additional 17,074 shares during the period. UBS Group AG purchased a new stake in shares of Global X Solar ETF in the 3rd quarter valued at $81,000. Susquehanna International Group LLP purchased a new stake in shares of Global X Solar ETF in the 4th quarter valued at $349,000. Howe & Rusling Inc. purchased a new stake in Global X Solar ETF during the 2nd quarter worth about $248,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Global X Solar ETF during the 3rd quarter worth about $3,665,000. Hedge funds and other institutional investors own 9.99% of the company’s stock.
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.
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