Global X Solar ETF (NASDAQ:RAYS) Sees Significant Decline in Short Interest

Posted by Scott Davis on Mar 1st, 2025

Global X Solar ETF (NASDAQ:RAYS – Get Free Report) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 900 shares, a decrease of 94.4% from the January 31st total of 16,000 shares. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is presently 0.1 days.

Global X Solar ETF Trading Down 2.2 %

NASDAQ RAYS traded down $0.20 during trading on Friday, hitting $8.86. The company had a trading volume of 39,514 shares, compared to its average volume of 6,974. Global X Solar ETF has a one year low of $8.70 and a one year high of $12.65. The company has a market cap of $5.76 million, a price-to-earnings ratio of -40.23 and a beta of 1.08. The company’s fifty day moving average is $9.12 and its 200-day moving average is $9.84.

Global X Solar ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued a $0.0336 dividend. The ex-dividend date of this dividend was Monday, December 30th. Global X Solar ETF’s dividend payout ratio (DPR) is presently -27.24%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Solar ETF stock. Jane Street Group LLC grew its stake in Global X Solar ETF (NASDAQ:RAYS – Free Report) by 41.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,020 shares of the company’s stock after purchasing an additional 4,717 shares during the quarter. Jane Street Group LLC owned about 2.46% of Global X Solar ETF worth $183,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.99% of the company’s stock.

Global X Solar ETF Company Profile

(Get Free Report)

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.