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

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 46 shares, a decrease of 81.7% from the September 15th total of 251 shares. Based on an average trading volume of 296 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Xtrackers RREEF Global Natural Resources ETF Stock Up 0.3%

Shares of NRES stock opened at $34.18 on Friday. Xtrackers RREEF Global Natural Resources ETF has a 12-month low of $26.69 and a 12-month high of $36.43. The firm has a fifty day moving average of $34.76 and a 200-day moving average of $33.80. The company has a market capitalization of $35.55 million, a price-to-earnings ratio of 15.81 and a beta of 0.25.

Xtrackers RREEF Global Natural Resources ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 18th were issued a dividend of $0.1088 per share. 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.