Global X Solar ETF (NASDAQ:RAYS) Short Interest Up 23.8% in September

Global X Solar ETF (NASDAQ:RAYS) 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) 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.