Global X Solar ETF (NASDAQ:RAYS) Trading Down 3.6%

Global X Solar ETF (NASDAQ:RAYS) shares fell 3.6% during trading on Friday . The stock traded as low as $9.50 and last traded at $9.50. 348 shares were traded during trading, a decline of 96% from the average session volume of 9,275 shares. The stock had previously closed at $9.85.

Global X Solar ETF Stock Down 3.6 %

The stock has a market capitalization of $6.84 million, a P/E ratio of -43.13 and a beta of 1.08. The company has a fifty day moving average price of $9.91 and a 200-day moving average price of $10.85.

Global X Solar ETF Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 27th were paid a $0.0308 dividend. The ex-dividend date was Thursday, June 27th. Global X Solar ETF’s payout ratio is -13.62%.

Institutional Investors Weigh In On Global X Solar ETF

An institutional investor recently bought a new position in Global X Solar ETF stock. Albion Financial Group UT acquired a new stake in shares of Global X Solar ETF (NASDAQ:RAYS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,143 shares of the company’s stock, valued at approximately $49,000. Albion Financial Group UT owned 0.73% of Global X Solar ETF at the end of the most recent reporting period. 9.99% of the stock is owned by institutional investors.

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.