Global X Renewable Energy Producers ETF (NASDAQ:RNRG – Get Free Report)’s share price dropped 0.7% during mid-day trading on Thursday. The company traded as low as $31.59 and last traded at $31.6750. 634 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 5,400 shares. The stock had previously closed at $31.89.
Global X Renewable Energy Producers ETF Stock Performance
The stock has a market cap of $23.38 million, a price-to-earnings ratio of 15.93 and a beta of 0.85. The business has a 50-day simple moving average of $33.60 and a two-hundred day simple moving average of $35.80.
Hedge Funds Weigh In On Global X Renewable Energy Producers ETF
Hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new stake in Global X Renewable Energy Producers ETF during the second quarter worth about $69,000. Natural Investments LLC increased its holdings in shares of Global X Renewable Energy Producers ETF by 7.5% during the 2nd quarter. Natural Investments LLC now owns 32,048 shares of the company’s stock worth $1,141,000 after acquiring an additional 2,229 shares during the last quarter. Finally, Avior Wealth Management LLC bought a new position in Global X Renewable Energy Producers ETF during the second quarter worth $3,358,000.
Global X Renewable Energy Producers ETF Company Profile
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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