Global X Solar ETF (NASDAQ:RAYS) Trading Up 2.1%

Global X Solar ETF (NASDAQ:RAYS) shares traded up 2.1% during mid-day trading on Wednesday . The company traded as high as $11.15 and last traded at $11.15. 20,069 shares changed hands during trading, an increase of 119% from the average session volume of 9,162 shares. The stock had previously closed at $10.93.

Global X Solar ETF Price Performance

The company has a market capitalization of $6.06 million, a P/E ratio of -48.31 and a beta of 1.08. The stock has a 50-day moving average price of $11.22 and a 200-day moving average price of $11.62.

Institutional Investors Weigh In On Global X Solar ETF

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 its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,143 shares of the company’s stock, valued at approximately $49,000. Albion Financial Group UT owned approximately 0.73% of Global X Solar ETF as of its most recent filing with the Securities and Exchange Commission (SEC). 9.99% of the stock is 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.