Global X Solar ETF (NASDAQ:RAYS) Sees Large Growth in Short Interest

Posted by Anthony Miller on Mar 13th, 2025

Global X Solar ETF (NASDAQ:RAYS – Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 2,700 shares, a growth of 200.0% from the February 13th total of 900 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On 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 – Free Report) by 41.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,020 shares of the company’s stock after buying an additional 4,717 shares during the period. Jane Street Group LLC owned about 2.46% of Global X Solar ETF worth $183,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 9.99% of the company’s stock.

Global X Solar ETF Trading Down 1.0 %

Shares of RAYS stock opened at $8.90 on Thursday. The stock has a 50 day simple moving average of $9.06 and a 200 day simple moving average of $9.78. Global X Solar ETF has a 1 year low of $8.68 and a 1 year high of $12.63. The stock has a market cap of $5.79 million, a P/E ratio of -40.41 and a beta of 1.08.

Global X Solar ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a dividend of $0.0336 per share. The ex-dividend date of this dividend was Monday, December 30th. Global X Solar ETF’s payout ratio is -27.24%.

About Global X Solar ETF

(Get Free Report)

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.