Short Interest in Global X Solar ETF (NASDAQ:RAYS) Increases By 63.0%

Global X Solar ETF (NASDAQ:RAYS) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,400 shares, a growth of 63.0% from the February 28th total of 2,700 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Trading of Global X Solar ETF

An institutional investor recently raised its position in Global X Solar ETF stock. Jane Street Group LLC grew its stake in shares of Global X Solar ETF (NASDAQ:RAYS) by 41.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,020 shares of the company’s stock after buying an additional 4,717 shares during the period. Jane Street Group LLC owned 2.46% of Global X Solar ETF worth $183,000 as of its most recent SEC filing. Institutional investors own 9.99% of the company’s stock.

Global X Solar ETF Stock Down 0.9 %

Shares of NASDAQ:RAYS traded down $0.08 during trading on Friday, reaching $8.74. The stock had a trading volume of 377 shares, compared to its average volume of 7,022. The stock has a market cap of $5.16 million, a P/E ratio of -39.68 and a beta of 1.03. The business has a fifty day moving average price of $9.01 and a 200-day moving average price of $9.71. Global X Solar ETF has a fifty-two week low of $8.68 and a fifty-two week high of $12.63.

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.