Global X Solar ETF (NASDAQ:RAYS) Short Interest Update

Global X Solar ETF (NASDAQ:RAYS) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 2,600 shares, a growth of 23.8% from the August 31st total of 2,100 shares. Based on an average daily trading volume, of 8,100 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds 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 acquired a new stake in shares of Global X Solar ETF (NASDAQ:RAYS) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 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 SEC filing. 9.99% of the stock is owned by hedge funds and other institutional investors.

Global X Solar ETF Trading Up 3.5 %

Global X Solar ETF stock traded up $0.37 during midday trading on Friday, reaching $10.98. The company’s stock had a trading volume of 21,229 shares, compared to its average volume of 8,908. The stock has a market cap of $7.91 million, a PE ratio of -49.85 and a beta of 1.08. Global X Solar ETF has a 52 week low of $9.27 and a 52 week high of $13.63. The business has a 50-day moving average price of $9.95 and a 200-day moving average price of $10.68.

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.