Global X Solar ETF ( NASDAQ : RAYS ) Short Interest Up 23 . 8 % in September

Global X Solar ETF (NASDAQ:RAYS) experienced a significant increase in short interest during September, with a total of 2,600 shares as of September 15th, marking a 23.8% rise from August 31st s 2,100 shares. The short-interest ratio stands at 0.3 days based on an average daily volume of 8,100 shares. The ETF opened at $10.98 on a Monday, with a 50-day simple moving average at $9.95 and a 200-day simple moving average at $10.67. The stock has a 12-month low of $9.27 and a 12-month high of $13.63. The company s market cap is $7.91 million, with a negative price-to-earnings ratio of -49.85 and a beta of 1.08. Institutional investor Albion Financial Group UT recently acquired a new position in Global X Solar ETF, purchasing 4,143 shares valued at approximately $49,000. This purchase accounted for roughly 0.73% of the company s holdings at the end of the most recent quarter. Overall, 9.99% of the stock is owned by hedge funds and other institutional investors. The Global X Solar ETF (RAYS) is an exchange-traded fund based on the Solactive Solar index, which includes global solar energy companies selected based on their revenue generated from solar-related business and ESG criteria. Launched on September 8, 2021, the ETF is managed by Global X. To stay updated on Global X Solar ETF, consider subscribing to MarketBeat.com s FREE daily email newsletter, which provides concise summaries of the latest news and analysts ratings for the ETF and related companies.

Source: wkrb13.com
Published on 2024-09-30