Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) Sees Large Increase in Short Interest

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 658 shares, an increase of 1,330.4% from the September 30th total of 46 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 721 shares, the days-to-cover ratio is presently 0.9 days.

Xtrackers RREEF Global Natural Resources ETF Trading Down 0.0%

Shares of Xtrackers RREEF Global Natural Resources ETF stock traded down $0.01 on Monday, hitting $34.14. 22 shares of the company traded hands, compared to its average volume of 1,272. The stock’s 50 day moving average price is $34.87 and its 200-day moving average price is $33.73. Xtrackers RREEF Global Natural Resources ETF has a 52 week low of $26.78 and a 52 week high of $36.43. The company has a market cap of $35.51 million, a PE ratio of 15.81 and a beta of 0.25.

Xtrackers RREEF Global Natural Resources ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 18th were issued a dividend of $0.1088 per share. This represents a $0.44 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, September 18th. This is a decrease from Xtrackers RREEF Global Natural Resources ETF’s previous quarterly dividend of $0.2428.

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.