Howe & Rusling Inc. Lowers Holdings in Global X Solar ETF (NASDAQ:RAYS)

Howe & Rusling Inc. reduced its position in shares of Global X Solar ETF (NASDAQ:RAYS) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,499 shares of the company’s stock after selling 1,913 shares during the period. Howe & Rusling Inc. owned approximately 1.92% of Global X Solar ETF worth $112,000 at the end of the most recent quarter.

Separately, Jane Street Group LLC boosted its stake in Global X Solar ETF by 41.7% during the third quarter. Jane Street Group LLC now owns 16,020 shares of the company’s stock valued at $183,000 after buying an additional 4,717 shares during the period. Institutional investors and hedge funds own 9.99% of the company’s stock.

Global X Solar ETF Stock Down 1.5 %

Shares of NASDAQ RAYS opened at $8.82 on Friday. The stock’s 50-day simple moving average is $9.02 and its two-hundred day simple moving average is $9.71. Global X Solar ETF has a twelve month low of $8.68 and a twelve month high of $12.63. The firm has a market capitalization of $5.20 million, a P/E ratio of -40.05 and a beta of 1.03.

Global X Solar ETF 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.