Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) Sees Large Decline in Short Interest

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 1,693 shares, a decline of 63.5% from the June 15th total of 4,634 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 705 shares, the days-to-cover ratio is currently 2.4 days.

Xtrackers RREEF Global Natural Resources ETF Price Performance

Shares of NASDAQ NRES opened at $31.32 on Monday. The business has a 50-day moving average of $32.95 and a 200-day moving average of $33.15. The stock has a market capitalization of $32.57 million, a price-to-earnings ratio of 15.81 and a beta of 0.21. Xtrackers RREEF Global Natural Resources ETF has a fifty-two week low of $25.14 and a fifty-two week high of $35.61.

Xtrackers RREEF Global Natural Resources ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.2428 per share. This represents a $0.97 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Xtrackers RREEF Global Natural Resources ETF’s previous quarterly dividend of $0.11.

Xtrackers RREEF Global Natural Resources ETF Company Profile

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.