Global X Solar ETF (NASDAQ:RAYS) Short Interest Up 63.0% in March

Global X Solar ETF (NASDAQ:RAYS) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 4,400 shares, a growth of 63.0% from the February 28th total of 2,700 shares. Based on an average daily trading volume, of 6,300 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company’s shares are sold short.

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 increased its position in Global X Solar ETF (NASDAQ:RAYS) by 41.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,020 shares of the company’s stock after buying an additional 4,717 shares during the period. Jane Street Group LLC owned 2.46% of Global X Solar ETF worth $183,000 at the end of the most recent reporting period. Institutional investors own 9.99% of the company’s stock.

Global X Solar ETF Price Performance

Shares of NASDAQ:RAYS traded down $0.08 during mid-day trading on Friday, hitting $8.74. The company had a trading volume of 377 shares, compared to its average volume of 7,022. Global X Solar ETF has a one year low of $8.68 and a one year high of $12.63. The firm has a fifty day moving average price of $9.01 and a 200 day moving average price of $9.71. The company has a market capitalization of $5.16 million, a PE ratio of -39.68 and a beta of 1.03.

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.