Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Short Interest Down 82.9% in January

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 2,370 shares, a decline of 82.9% from the January 15th total of 13,900 shares. Based on an average daily volume of 4,168 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 4,168 shares, the days-to-cover ratio is presently 0.6 days.

Global X Renewable Energy Producers ETF Price Performance

Shares of NASDAQ RNRG traded down $0.20 during mid-day trading on Thursday, reaching $37.09. 8,497 shares of the company traded hands, compared to its average volume of 4,656. Global X Renewable Energy Producers ETF has a fifty-two week low of $21.90 and a fifty-two week high of $37.98. The firm has a market cap of $29.30 million, a PE ratio of 15.93 and a beta of 0.88. The stock has a fifty day simple moving average of $34.52 and a 200-day simple moving average of $32.83.

Global X Renewable Energy Producers ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a $0.3741 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 224.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 valued at $1,270,000 after purchasing an additional 7,895 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Global X Renewable Energy Producers ETF in the 1st quarter valued at approximately $963,000. Raymond James Financial Inc. acquired a new position in Global X Renewable Energy Producers ETF in the second quarter worth approximately $38,000. Flow Traders U.S. LLC increased its holdings in 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 last quarter. Finally, Natural Investments LLC bought a new position in Global X Renewable Energy Producers ETF during the fourth quarter valued at approximately $1,093,000.

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.