Global X Solar ETF (NASDAQ:RAYS) Short Interest Down 38.6% in March

Global X Solar ETF (NASDAQ:RAYS) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 2,700 shares, a decline of 38.6% from the March 15th total of 4,400 shares. Based on an average daily trading volume, of 12,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the shares of the stock are short sold.

Global X Solar ETF Price Performance

Global X Solar ETF stock traded down $0.07 during mid-day trading on Thursday, reaching $7.68. 719 shares of the company were exchanged, compared to its average volume of 8,573. The company has a fifty day simple moving average of $8.68 and a 200-day simple moving average of $9.49. The firm has a market cap of $3.84 million, a PE ratio of -34.88 and a beta of 1.08. Global X Solar ETF has a 12 month low of $7.12 and a 12 month high of $12.63.

Institutional Investors Weigh In On Global X Solar ETF

An institutional investor recently raised its position in Global X Solar ETF stock. Jane Street Group LLC grew its position in Global X Solar ETF (NASDAQ:RAYS) 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 buying an additional 4,717 shares during the quarter. Jane Street Group LLC owned 2.46% of Global X Solar ETF worth $183,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 9.99% of the company’s stock.

About Global X Solar ETF

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.