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

Global X Solar ETF (NASDAQ:RAYS) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 2,400 shares, an increase of 166.7% from the September 30th total of 900 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 0.4 days.

Global X Solar ETF Trading Up 1.3 %

Shares of Global X Solar ETF stock traded up $0.14 during trading on Monday, reaching $11.04. The company’s stock had a trading volume of 4,472 shares, compared to its average volume of 8,798. The firm has a market cap of $7.18 million, a PE ratio of -49.90 and a beta of 1.08. The company has a 50-day moving average price of $10.30 and a two-hundred day moving average price of $10.53. Global X Solar ETF has a fifty-two week low of $9.27 and a fifty-two week high of $13.63.

Institutional Investors Weigh In On Global X Solar ETF

A hedge fund recently bought a new stake in Global X Solar ETF stock. Albion Financial Group UT acquired a new position in shares of Global X Solar ETF (NASDAQ:RAYS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. 9.99% of the stock is owned by hedge funds and other institutional investors.

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.