Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) Short Interest Down 63.5% in June

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

Xtrackers RREEF Global Natural Resources ETF Trading Up 0.8%

NRES stock traded up $0.25 during midday trading on Tuesday, hitting $31.74. The stock had a trading volume of 1,681 shares, compared to its average volume of 1,549. The firm has a market cap of $33.01 million, a P/E ratio of 15.81 and a beta of 0.21. Xtrackers RREEF Global Natural Resources ETF has a 1-year low of $25.14 and a 1-year high of $35.61. The business has a fifty day moving average price of $32.83 and a two-hundred day moving average price of $33.18.

Xtrackers RREEF Global Natural Resources ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 18th were given a $0.2428 dividend. This is a boost from Xtrackers RREEF Global Natural Resources ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.97 annualized dividend and a dividend yield of 3.1%.

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.