Global X Solar ETF (NASDAQ:RAYS) Short Interest Up 63.0% in March

Global X Solar ETF (NASDAQ:RAYS) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,400 shares, a growth of 63.0% from the February 28th total of 2,700 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is presently 0.7 days.

Global X Solar ETF Stock Down 3.9 %

RAYS traded down $0.34 during trading on Monday, hitting $8.47. The company had a trading volume of 2,458 shares, compared to its average volume of 7,004. The firm’s 50-day moving average price is $9.01 and its 200 day moving average price is $9.71. Global X Solar ETF has a one year low of $8.40 and a one year high of $12.63. The company has a market capitalization of $5.00 million, a PE ratio of -38.45 and a beta of 1.03.

Hedge Funds Weigh In On Global X Solar ETF

A hedge fund recently raised its stake in Global X Solar ETF stock. Jane Street Group LLC lifted its position in shares of Global X Solar ETF (NASDAQ:RAYS) by 41.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,020 shares of the company’s stock after purchasing an additional 4,717 shares during the period. Jane Street Group LLC owned 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.

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.