Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Sees Large Drop in Short Interest

Global X Renewable Energy Producers ETF (NASDAQ:RNRGGet Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 8,621 shares, a decline of 41.7% from the June 15th total of 14,800 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,705 shares, the days-to-cover ratio is presently 3.2 days.

Global X Renewable Energy Producers ETF Trading Down 0.7%

RNRG stock traded down $0.23 during midday trading on Friday, reaching $34.81. 242 shares of the company’s stock traded hands, compared to its average volume of 6,008. Global X Renewable Energy Producers ETF has a 52-week low of $28.53 and a 52-week high of $39.70. The stock has a market cap of $30.28 million, a P/E ratio of 15.93 and a beta of 0.84. The stock’s 50-day moving average is $37.02 and its 200 day moving average is $36.64.

Global X Renewable Energy Producers ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were given a dividend of $0.2133 per share. The ex-dividend date of this dividend was Monday, June 29th.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

A number of institutional investors have recently bought and sold shares of RNRG. Natural Investments LLC bought a new stake in Global X Renewable Energy Producers ETF during the fourth quarter valued at about $1,093,000. Jane Street Group LLC purchased a new stake in Global X Renewable Energy Producers ETF in the fourth quarter worth about $441,000. CIBC Private Wealth Group LLC bought a new position in shares of Global X Renewable Energy Producers ETF in the fourth quarter worth about $25,000. Flow Traders U.S. LLC raised its stake in shares of Global X Renewable Energy Producers ETF by 188.4% in the third quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock worth $1,052,000 after buying an additional 21,582 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Global X Renewable Energy Producers ETF by 5.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,698 shares of the company’s stock worth $1,270,000 after buying an additional 7,895 shares during the period.

About Global X Renewable Energy Producers ETF

(Get Free Report)

The Global X Renewable Energy Producers ETF (RNRG) is an exchange-traded fund that is based on the Indxx Renewable Energy Producers index, a market-cap-weighted index of global renewable energy companies including YieldCos. RNRG was launched on May 28, 2015 and is managed by Global X.

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