Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 658 shares, a growth of 1,330.4% from the September 30th total of 46 shares. Based on an average trading volume of 721 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are short sold.
Xtrackers RREEF Global Natural Resources ETF Price Performance
NRES stock traded up $0.09 on Tuesday, reaching $34.09. 22 shares of the company traded hands, compared to its average volume of 1,272. Xtrackers RREEF Global Natural Resources ETF has a one year low of $26.78 and a one year high of $36.43. The company has a market cap of $35.46 million, a P/E ratio of 15.81 and a beta of 0.25. The firm has a fifty day simple moving average of $34.87 and a 200-day simple moving average of $33.73.
Xtrackers RREEF Global Natural Resources ETF Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 18th were paid a $0.1088 dividend. This is a decrease from Xtrackers RREEF Global Natural Resources ETF’s previous quarterly dividend of $0.2428. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 18th.
About Xtrackers RREEF Global Natural Resources ETF
The Xtrackers RREEF Global Natural Resources ETF (NRES) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in equity and equity-related securities of companies within the global natural resources sector. The fund aims for capital growth and income generation NRES was launched on Feb 27, 2024 and is issued by Xtrackers.
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