Shares of Global X Solar ETF (NASDAQ:RAYS – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.52 and traded as high as $10.58. Global X Solar ETF shares last traded at $10.39, with a volume of 29,516 shares changing hands.
Global X Solar ETF Stock Performance
The business’s fifty day moving average price is $10.45 and its two-hundred day moving average price is $10.36. The firm has a market capitalization of $6.43 million, a P/E ratio of -44.91 and a beta of 1.08.
Hedge Funds Weigh In On Global X Solar ETF
A hedge fund recently raised its stake in Global X Solar ETF stock. Jane Street Group LLC increased its holdings in shares of Global X Solar ETF (NASDAQ:RAYS – Free Report) by 41.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,020 shares of the company’s stock after buying an additional 4,717 shares during the quarter. Jane Street Group LLC owned 2.46% of Global X Solar ETF worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.
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