Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES – Get Free Report) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,693 shares, a drop of 63.5% from the June 15th total of 4,634 shares. Based on an average daily volume of 705 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.2% of the company’s stock are sold short.
Xtrackers RREEF Global Natural Resources ETF Stock Performance
Shares of NRES stock opened at $31.32 on Monday. The stock has a market capitalization of $32.57 million, a price-to-earnings ratio of 15.81 and a beta of 0.21. Xtrackers RREEF Global Natural Resources ETF has a one year low of $25.14 and a one year high of $35.61. The company’s 50-day simple moving average is $32.95 and its 200-day simple moving average is $33.15.
Xtrackers RREEF Global Natural Resources ETF Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 18th were given a $0.2428 dividend. The ex-dividend date was Thursday, June 18th. This is a positive change from Xtrackers RREEF Global Natural Resources ETF’s previous quarterly dividend of $0.11. This represents a $0.97 dividend on an annualized basis and a yield of 3.1%.
About Xtrackers RREEF Global Natural Resources ETF
The Xtrackers RREEF Global Natural Resources ETF (NRES) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in equity and equity-related securities of companies within the global natural resources sector. The fund aims for capital growth and income generation NRES was launched on Feb 27, 2024 and is issued by Xtrackers.
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