Short Interest in Global X Solar ETF (NASDAQ:RAYS) Grows By 2,850.0%

Global X Solar ETF (NASDAQ:RAYSGet Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 23,600 shares, a growth of 2,850.0% from the January 31st total of 800 shares. Based on an average daily volume of 10,900 shares, the short-interest ratio is presently 2.2 days.

Institutional Investors Weigh In On Global X Solar ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG bought a new stake in shares of Global X Solar ETF in the 3rd quarter worth approximately $81,000. Howe & Rusling Inc. acquired a new stake in shares of Global X Solar ETF during the 2nd quarter valued at $248,000. Jane Street Group LLC bought a new stake in shares of Global X Solar ETF during the 1st quarter worth $267,000. Susquehanna International Group LLP acquired a new position in shares of Global X Solar ETF in the 4th quarter worth $349,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Global X Solar ETF during the third quarter worth $3,665,000. 9.99% of the stock is owned by institutional investors and hedge funds.

Global X Solar ETF Stock Down 1.4 %

NASDAQ RAYS traded down $0.16 on Wednesday, reaching $11.24. 4,270 shares of the stock traded hands, compared to its average volume of 13,122. Global X Solar ETF has a 12 month low of $10.15 and a 12 month high of $22.01. The company has a market cap of $6.07 million, a price-to-earnings ratio of -51.76 and a beta of 1.08. The firm’s fifty day simple moving average is $11.86 and its 200 day simple moving average is $12.56.

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.

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