Global X Solar ETF (NASDAQ:RAYS – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 2,600 shares, an increase of 23.8% from the August 31st total of 2,100 shares. Based on an average daily volume of 8,100 shares, the days-to-cover ratio is presently 0.3 days.
Global X Solar ETF Stock Performance
NASDAQ:RAYS opened at $10.98 on Monday. The firm has a market cap of $7.91 million, a P/E ratio of -49.85 and a beta of 1.08. Global X Solar ETF has a fifty-two week low of $9.27 and a fifty-two week high of $13.63. The firm has a 50-day simple moving average of $9.95 and a two-hundred day simple moving average of $10.67.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Global X Solar ETF stock. Albion Financial Group UT bought a new position in Global X Solar ETF (NASDAQ:RAYS – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,143 shares of the company’s stock, valued at approximately $49,000. Albion Financial Group UT owned about 0.73% of Global X Solar ETF as of its most recent filing with the SEC. 9.99% of the stock is currently owned by institutional investors and hedge funds.
Global X Solar ETF Company Profile
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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