Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) Sees Significant Increase in Short Interest

Posted by Latisha Jones on Oct 29th, 2024

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 800 shares, an increase of 60.0% from the September 30th total of 500 shares. Based on an average daily trading volume, of 11,500 shares, the short-interest ratio is currently 0.1 days.

Xtrackers RREEF Global Natural Resources ETF Stock Down 0.8 %

Xtrackers RREEF Global Natural Resources ETF stock traded down $0.22 during mid-day trading on Tuesday, hitting $26.53. 44 shares of the company’s stock were exchanged, compared to its average volume of 5,040. Xtrackers RREEF Global Natural Resources ETF has a fifty-two week low of $24.96 and a fifty-two week high of $28.58. The firm has a market capitalization of $31.31 billion, a P/E ratio of 12.65 and a beta of 0.60. The company’s 50 day simple moving average is $26.77 and its 200-day simple moving average is $27.02.

Xtrackers RREEF Global Natural Resources ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were issued a dividend of $0.1018 per share. This represents a $0.41 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, September 20th.

About Xtrackers RREEF Global Natural Resources ETF

(Get Free Report)

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.