Global X Solar ETF (NASDAQ:RAYS) Stock Holdings Decreased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its stake in Global X Solar ETF (NASDAQ:RAYS) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 234,700 shares of the company’s stock after selling 36,765 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.43% of Global X Solar ETF worth $3,103,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. UBS Group AG bought a new stake in shares of Global X Solar ETF during the 3rd quarter valued at about $81,000. Jane Street Group LLC acquired a new position in Global X Solar ETF in the first quarter valued at approximately $267,000. Howe & Rusling Inc. grew its holdings in shares of Global X Solar ETF by 51.4% during the third quarter. Howe & Rusling Inc. now owns 20,312 shares of the company’s stock valued at $274,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Global X Solar ETF during the fourth quarter valued at approximately $349,000. 9.99% of the stock is currently owned by institutional investors and hedge funds.

Global X Solar ETF Trading Up 2.1 %

Shares of NASDAQ RAYS opened at $10.82 on Thursday. Global X Solar ETF has a 12-month low of $10.15 and a 12-month high of $20.91. The company has a market cap of $6.17 million, a price-to-earnings ratio of -49.13 and a beta of 1.08. The stock’s 50 day simple moving average is $11.64 and its 200 day simple moving average is $11.91.

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.