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

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 251 shares, a decline of 35.5% from the August 31st total of 389 shares. Based on an average daily volume of 40 shares, the short-interest ratio is currently 6.3 days. Currently, 0.0% of the shares of the company are sold short.

Xtrackers RREEF Global Natural Resources ETF Trading Up 0.3%

NASDAQ:NRES opened at $33.48 on Thursday. The company has a market cap of $34.82 million, a PE ratio of 15.81 and a beta of 0.21. The company has a 50 day simple moving average of $34.60 and a two-hundred day simple moving average of $33.80. Xtrackers RREEF Global Natural Resources ETF has a 12 month low of $26.69 and a 12 month high of $36.43.

Xtrackers RREEF Global Natural Resources ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 18th were issued a $0.1088 dividend. This is a negative change 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 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.