Global X Solar ETF (NASDAQ:RAYS) Sees Significant Increase in Short Interest

Global X Solar ETF (NASDAQ:RAYS) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 9,500 shares, an increase of 295.8% from the October 15th total of 2,400 shares. Based on an average trading volume of 6,800 shares, the short-interest ratio is presently 1.4 days.

Global X Solar ETF Stock Up 1.4 %

NASDAQ:RAYS traded up $0.14 during trading hours on Wednesday, reaching $10.31. 1,249 shares of the company’s stock were exchanged, compared to its average volume of 8,697. The firm has a market capitalization of $6.70 million, a price-to-earnings ratio of -47.18 and a beta of 1.08. The company has a 50-day moving average of $10.51 and a 200 day moving average of $10.53. Global X Solar ETF has a 1-year low of $9.27 and a 1-year high of $13.63.

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.