Global X Solar ETF (NASDAQ:RAYS) Short Interest Up 298.4% in November

Global X Solar ETF (NASDAQ:RAYS) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 25,100 shares, an increase of 298.4% from the November 15th total of 6,300 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 3.6 days.

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) by 41.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,020 shares of the company’s stock after purchasing an additional 4,717 shares during the quarter. Jane Street Group LLC owned approximately 2.46% of Global X Solar ETF worth $183,000 as of its most recent SEC filing. 9.99% of the stock is owned by institutional investors and hedge funds.

Global X Solar ETF Stock Performance

Shares of Global X Solar ETF stock traded down $0.08 during trading on Wednesday, hitting $9.85. 2,884 shares of the company’s stock were exchanged, compared to its average volume of 8,579. The business has a 50-day simple moving average of $10.49 and a 200-day simple moving average of $10.37. Global X Solar ETF has a 52-week low of $9.27 and a 52-week high of $13.63. The stock has a market capitalization of $6.40 million, a price-to-earnings ratio of -45.09 and a beta of 1.08.

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.