Global X Solar ETF (NASDAQ:RAYS) Short Interest Down 15.1% in April

Global X Solar ETF (NASDAQ:RAYS) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 10,700 shares, a decrease of 15.1% from the March 31st total of 12,600 shares. Based on an average daily volume of 10,700 shares, the short-interest ratio is presently 1.0 days.

Global X Solar ETF Trading Down 3.2 %

Shares of NASDAQ:RAYS opened at $10.85 on Wednesday. Global X Solar ETF has a 52 week low of $10.15 and a 52 week high of $19.54. The company’s 50 day moving average is $11.46 and its two-hundred day moving average is $11.76. The company has a market cap of $6.18 million, a PE ratio of -49.26 and a beta of 1.08.

Institutional Investors Weigh In On Global X Solar ETF

Large investors have recently modified their holdings of the company. Howe & Rusling Inc. increased its position in shares of Global X Solar ETF by 51.4% in the 3rd quarter. Howe & Rusling Inc. now owns 20,312 shares of the company’s stock valued at $274,000 after purchasing an additional 6,900 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Global X Solar ETF in the 3rd quarter valued at approximately $3,665,000. Finally, Albion Financial Group UT purchased a new stake in shares of Global X Solar ETF in the 1st quarter valued at approximately $49,000. 9.99% of the stock is owned by hedge funds and other institutional investors.

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.