Short Interest in Global X Solar ETF (NASDAQ:RAYS) Decreases By 94.4%

Posted by Tyrone Williams on Feb 28th, 2025

Global X Solar ETF (NASDAQ:RAYS – Get Free Report) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 900 shares, a drop of 94.4% from the January 31st total of 16,000 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is currently 0.1 days.

Global X Solar ETF Trading Down 3.2 %

Shares of RAYS opened at $9.06 on Friday. Global X Solar ETF has a 12-month low of $8.70 and a 12-month high of $12.65. The stock has a market cap of $5.89 million, a P/E ratio of -41.14 and a beta of 1.08. The company has a 50-day moving average of $9.12 and a two-hundred day moving average of $9.84.

Global X Solar ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a dividend of $0.0336 per share. The ex-dividend date of this dividend was Monday, December 30th. Global X Solar ETF’s dividend payout ratio is currently -27.24%.

Institutional Investors Weigh In On Global X Solar ETF

A hedge fund recently raised its stake in Global X Solar ETF stock. Jane Street Group LLC raised its stake in Global X Solar ETF (NASDAQ:RAYS – Free Report) by 41.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,020 shares of the company’s stock after acquiring an additional 4,717 shares during the quarter. Jane Street Group LLC owned approximately 2.46% of Global X Solar ETF worth $183,000 at the end of the most recent quarter. 9.99% of the stock is owned by institutional investors.

About Global X Solar ETF

(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.