Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) Shares Shorted: Short Interest Up 1,330.4% in October

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 658 shares, a growth of 1,330.4% from the September 30th total of 46 shares. Based on an average daily volume of 721 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the company’s stock are sold short.

Xtrackers RREEF Global Natural Resources ETF Stock Performance

NASDAQ NRES traded down $0.28 during trading hours on Wednesday, reaching $33.70. 6 shares of the company’s stock were exchanged, compared to its average volume of 1,266. The company’s 50-day moving average is $34.86 and its two-hundred day moving average is $33.76. Xtrackers RREEF Global Natural Resources ETF has a one year low of $26.78 and a one year high of $36.43. The company has a market capitalization of $35.05 million, a price-to-earnings ratio of 15.81 and a beta of 0.25.

Xtrackers RREEF Global Natural Resources ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 18th were issued a $0.1088 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.3%. This is a drop from Xtrackers RREEF Global Natural Resources ETF’s previous quarterly dividend of $0.2428. The ex-dividend date was Friday, September 18th.

Xtrackers RREEF Global Natural Resources ETF Company Profile

The Xtrackers RREEF Global Natural Resources ETF (NRES) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in equity and equity-related securities of companies within the global natural resources sector. The fund aims for capital growth and income generation NRES was launched on Feb 27, 2024 and is issued by Xtrackers.