Global X Solar ETF (NASDAQ:RAYS) Stock Price Down 2.2% – What’s Next?

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

Global X Solar ETF Trading Down 0.7 %

The stock has a market capitalization of $5.90 million, a PE ratio of -41.18 and a beta of 1.08. The business has a fifty day moving average price of $10.00 and a 200-day moving average price of $10.11.

Global X Solar ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th will be given a dividend of $0.0336 per share. The ex-dividend date of this dividend is Monday, December 30th. Global X Solar ETF’s payout ratio is currently -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 grew its stake in shares of Global X Solar ETF (NASDAQ:RAYS) by 41.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,020 shares of the company’s stock after purchasing an additional 4,717 shares during the quarter. Jane Street Group LLC owned approximately 2.46% of Global X Solar ETF worth $183,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.99% of the company’s stock.

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.