Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) Trading Down 1.7% – Here’s Why

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES)’s share price was down 1.7% during trading on Wednesday . The stock traded as low as $33.65 and last traded at $33.65. Approximately 306 shares changed hands during trading, a decline of 90% from the average daily volume of 2,973 shares. The stock had previously closed at $34.22.

Xtrackers RREEF Global Natural Resources ETF Stock Down 0.5%

The business has a 50-day simple moving average of $33.57 and a two-hundred day simple moving average of $29.94. The stock has a market capitalization of $37.04 million, a P/E ratio of 15.81 and a beta of 0.47.

Xtrackers RREEF Global Natural Resources ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 20th will be paid a $0.1143 dividend. This represents a $0.46 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, March 20th.

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.