Global X Solar ETF (RAYS)

NASDAQ: RAYS · IEX Real-Time Price · USD
21.29
+0.63 (3.05%)
Oct 4, 2022 10:31 AM EDT - Market open
3.05%
Assets $6.61M
NAV $20.66
Expense Ratio 0.50%
PE Ratio 23.76
Shares Out 320,000
Dividend (ttm) $0.00
Dividend Yield 0.02%
Ex-Dividend Date Dec 30, 2021
1-Year Return -12.47%
Volume 2,817
Open 21.34
Previous Close 20.66
Day's Range 21.28 - 21.34
52-Week Low 16.20
52-Week High 28.53
Beta -1.50
Holdings 51
Inception Date Sep 8, 2021

About RAYS

The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of solar technology. The fund is non-diversified.

Asset Class Equity
Region Global
Issuer Global X Mgt
Stock Exchange NASDAQ
Ticker Symbol RAYS
Index Tracked Solactive Solar Index

Top 10 Holdings

64.62% of assets
Name Symbol Weight
Enphase Energy ENPH 11.43%
SUNGROW POWER -A 300274.SZ 8.59%
First Solar FSLR 7.48%
TCL ZHONGHUAN -A 002129.SZ 7.09%
LONGI GREEN EN-A 601012.SS 6.85%
SolarEdge Technologies SEDG 6.00%
TRINA SOLAR CO LTD-A 688599.SS 5.01%
JA SOLAR TECHN-A 002459.SZ 4.69%
GCL TECHNOLOGY H 3800.HK 3.94%
SunRun RUN 3.54%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Dec 30, 2021 $0.00492 Jan 7, 2022
Full Dividend History

News

Solar Energy Market Expected to Triple by 2027

The push towards renewable energy use is getting an added boost from the U.S. government, especially with the recently signed Inflation Reduction Act, which contains solar energy subsidies. As such, the...

3 weeks ago - ETF Trends

Inflation Reduction Act Is a Ray of Sunshine for This Solar ETF

On its surface, it seems like the Inflation Reduction Act quite simply and obviously reduces inflation. However, upon reading the fine print, it does a lot for the clean energy industry, including solar...

1 month ago - ETF Trends

Look to Solar ETFs as the U.S. Moves to Pass the Inflation Reduction Act

With the Inflation Reduction Act expected to be passed and signed, investors could look to solar sector-related exchange traded funds to capitalize on the increased support for the clean energy industry...

Other symbols: TAN
2 months ago - ETF Trends

Sunnova CEO John Berger on Inflation Reduction Act: Our company and sector will be recession proof

John Berger, Sunnova CEO, joins 'Closing Bell' to discuss the tailwind solar stocks gain from the Inflation Reduction Act.

Other symbols: NOVAKLNETAN
2 months ago - CNBC Television

Solar ETFs Dim After SolarEdge Technologies Q2 Earnings Disappoints

SolarEdge Technologies Inc. (NasdaqGS: SEDG) shares plummeted Wednesday, dragging down solar sector-related exchange traded funds, after quarterly earnings results disappointed market expectations. On W...

Other symbols: TAN
2 months ago - ETF Trends

Clean Energy ETFs Climb on New Climate Spending Bill

Clean energy sector-related exchange traded funds surged Thursday after Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.Va.

Other symbols: PBWTANACESCNRG
2 months ago - ETF Trends

Solar ETFs Shine After Enphase's Record Quarterly Results

Enphase Energy Inc. (NasdaqGS: ENPH) shares jumped Wednesday, lifting solar sector-related exchange traded funds, after reporting record quarterly revenue and higher profits. On Wednesday, the Invesco S...

Other symbols: TAN
2 months ago - ETF Trends

4 Sector ETFs That Survived Market Turmoil in June

June has proved to be a brutal month for the stock market. The combination of factors such as decades-high inflation, the Russia-Ukraine conflict and Fed?

Other symbols: BBCBTCRLIT
3 months ago - Zacks Investment Research

SolarEdge, Enphase Help Solar ETFs Rally

SolarEdge Technologies (NasdaqGS: SEDG) and Enphase Energy (NasdaqGS: ENPH) surged Thursday, lifting solar sector-related exchange traded funds. Among the better-performing non-leveraged ETFs of Thursda...

Other symbols: TAN
4 months ago - ETF Trends

5 Sector ETFs That Beat the Market in May

The S&P 500 logged in its best week of the year, jumping 6.5% and wiping out its losses in May, while the Dow Jones also snapped its longest losing streak of eight weeks since 1923.

Other symbols: BOATFCGGPSLITPXE
4 months ago - Zacks Investment Research

Solar ETFs Shine as EU Outlines Plans for Energy Independence

Solar sector-related exchange traded funds climbed Thursday after the European Union outlined plans to build out its solar supply chain to diminish its exposure to Russian energy imports. Among the best...

Other symbols: TAN
4 months ago - ETF Trends

Clean Technology ETFs Could Gain Momentum as Europe Looks for New Energy Sources

Clean technology sector-related exchange traded funds could gain momentum as European economies take a harder look at their reliance on Russian energy imports and consider alternatives. Europe is trying...

Other symbols: FANTANWNDY
5 months ago - ETF Trends

China's Push for More Solar Power Could Boost This ETF

According to a Reuters article, China is looking to add 75 to 90 gigawatts (GW) of solar power in 2022, opening up the investment field for renewable energy plays in solar energy. “Distributed solar pow...

Other symbols: RNRG
6 months ago - ETF Trends

University Study: Texas Could Go Big on Wind and Solar Energy

While the state of Texas is the largest coal consumer according to the U.S. Energy Information Administration (EIA), it also has significant wind and solar energy growth. According to a Fortune article,...

Other symbols: WNDY
6 months ago - ETF Trends

6 Best ETF Areas of Last Week Amid Russia-Ukraine Tensions

Despite being subdued initially U.S. stocks registered a strong rally at the end of the last week.

Other symbols: BNOBUGCIBDMATFANURA
7 months ago - Zacks Investment Research

Solar ETFs Gleam in Broad Market Rebound

Solar stocks and sector-related exchange traded funds surged Thursday, alongside a broader rally in growth stocks. On Thursday, the Invesco Solar ETF (NYSEArca: TAN) advanced 8.6%, and the Global X Sola...

Other symbols: TAN
7 months ago - ETF Trends

Enphase Energy's Phenomenal Earnings Brighten Solar ETFs

Solar sector-related exchange traded funds climbed after Enphase Energy (NasdaqGS: ENPH) revealed market-beating fourth-quarter results. On Wednesday, the Invesco Solar ETF (NYSEArca: TAN) advanced 4.0%...

Other symbols: ENPHTAN
8 months ago - ETF Trends

Global X Doubled Its Assets to $44 Billion in 2021 and Here's Why

Thematic ETF provider Global X finished 2021 with twice as many assets as the previous year, prompting market experts to ponder just how the company did it. “The firm ended as the 12th largest ETF manag...

Other symbols: AQWABOTZ
8 months ago - ETF Trends

As China Alleviates Supply Chain Issues, Get Exposure to This Solar ETF

As China continues to work towards reducing its carbon footprint, solar energy will play a vital role in helping achieve that goal. While the pandemic is causing supply chain disruptions around the glob...

9 months ago - ETF Trends

Will Copper Lead the Way for Renewable Energy?

The push towards heavier reliance on renewable energy will mean increased mining for commodities that can be used to build the materials, which makes copper a prime option. “Copper is considered an esse...

Other symbols: COPXWNDY
11 months ago - ETF Trends

2 ETFs to Ponder For Meeting Energy Demands

As the global push towards more reliance on renewable energy continues, the demand for energy globally could be met using wind and solar, which opens up opportunities in a pair of Global X ETFs. A colla...

11 months ago - ETF Trends

As Renewable Energy Continues to Thrive, Bask in This Solar ETF

A push toward more renewable energy use is allowing solar-powered projects to thrive, as well as exchange traded funds (ETFs) that focus on the like, such as the Global X Solar ETF (RAYS). Even during a...

1 year ago - ETF Trends

Solar ETFs Shine After Enphase's Record Q3 Beat

Solar sector exchange traded funds jumped on Wednesday after Enphase Energy Inc. (ENPH) revealed third quarter earnings that were well above expectations. On Wednesday, the Invesco Solar ETF (NYSEArca: ...

Other symbols: TAN
1 year ago - ETF Trends

Global X Expands Clean Energy ETF Suite With Launches

The alternative energy space is expected to get stronger under President Joe Biden's administration.

Other symbols: WNDY
1 year ago - Zacks Investment Research

Global X Debuts 2 Renewables ETFs

The thematic issuer's newest funds aim for exposure to wind and solar companies.

Other symbols: WNDY
1 year ago - ETFcom