Global X Solar ETF (NASDAQ:RAYS) Shares Down 2.2% – Time to Sell?

Global X Solar ETF (NASDAQ:RAYS) shares traded down 2.2% on Wednesday . The company traded as low as $8.94 and last traded at $8.94. 17,135 shares changed hands during mid-day trading, an increase of 100% from the average session volume of 8,554 shares. The stock had previously closed at $9.14.

Global X Solar ETF Trading Down 0.7 %

The firm has a market cap of $5.90 million, a P/E ratio of -41.18 and a beta of 1.08. The company’s 50-day moving average is $10.00 and its two-hundred day moving average is $10.11.

Global X Solar ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th will be issued a $0.0336 dividend. The ex-dividend date of this dividend is Monday, December 30th. Global X Solar ETF’s dividend payout ratio is presently -13.62%.

Institutional Trading of Global X Solar ETF

An institutional investor recently raised its position in Global X Solar ETF stock. Jane Street Group LLC lifted its holdings in shares of Global X Solar ETF (NASDAQ:RAYS) by 41.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,020 shares of the company’s stock after acquiring an additional 4,717 shares during the quarter. 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 own 9.99% of the company’s stock.

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.