Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) Sees Significant Drop in Short Interest

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 100 shares, a decline of 50.0% from the January 31st total of 200 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 0.2 days.

Xtrackers RREEF Global Natural Resources ETF Stock Down 0.5 %

Shares of Xtrackers RREEF Global Natural Resources ETF stock traded down $0.12 during mid-day trading on Friday, hitting $24.87. The stock had a trading volume of 105 shares, compared to its average volume of 3,288. The firm has a market cap of $29.35 million, a P/E ratio of 16.67 and a beta of 0.60. The firm has a 50-day moving average of $24.80 and a two-hundred day moving average of $25.78. Xtrackers RREEF Global Natural Resources ETF has a 12-month low of $23.11 and a 12-month high of $28.58.

Xtrackers RREEF Global Natural Resources ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 20th were paid a dividend of $0.1544 per share. The ex-dividend date was Friday, December 20th. This represents a $0.62 annualized dividend and a yield of 2.48%.

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.