Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Short Interest Update

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,968 shares, a drop of 17.0% from the January 29th total of 2,370 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 2,938 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 2,938 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Global X Renewable Energy Producers ETF Trading Up 0.7%

NASDAQ:RNRG opened at $37.22 on Tuesday. Global X Renewable Energy Producers ETF has a 1 year low of $21.90 and a 1 year high of $37.98. The stock has a 50-day moving average price of $35.52 and a two-hundred day moving average price of $33.52. The stock has a market cap of $29.41 million, a price-to-earnings ratio of 15.93 and a beta of 0.88.

Global X Renewable Energy Producers ETF Dividend Announcement

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

Institutional Trading of Global X Renewable Energy Producers ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC bought a new position in shares of Global X Renewable Energy Producers ETF during the 4th quarter worth approximately $25,000. Raymond James Financial Inc. bought a new stake in shares of Global X Renewable Energy Producers ETF in the second quarter worth $38,000. Jane Street Group LLC acquired a new position in Global X Renewable Energy Producers ETF during the fourth quarter worth $441,000. Flow Traders U.S. LLC boosted its holdings in Global X Renewable Energy Producers ETF by 188.4% during the third quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock worth $1,052,000 after purchasing an additional 21,582 shares during the last quarter. Finally, Natural Investments LLC bought a new position in Global X Renewable Energy Producers ETF in the fourth quarter valued at $1,093,000.

About Global X Renewable Energy Producers ETF

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.