Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Sees Significant Decline in Short Interest

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 8,621 shares, a decrease of 41.7% from the June 15th total of 14,800 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,705 shares, the short-interest ratio is currently 3.2 days.

Institutional Trading of Global X Renewable Energy Producers ETF

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of Global X Renewable Energy Producers ETF during the 1st quarter valued at approximately $963,000. Avior Wealth Management LLC acquired a new position in Global X Renewable Energy Producers ETF in the second quarter worth $3,358,000. Natural Investments LLC bought a new stake in Global X Renewable Energy Producers ETF during the fourth quarter valued at $1,093,000. Flow Traders U.S. LLC increased its stake 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 valued at $1,052,000 after purchasing an additional 21,582 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Global X Renewable Energy Producers ETF by 5.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,698 shares of the company’s stock worth $1,270,000 after purchasing an additional 7,895 shares during the period.

Global X Renewable Energy Producers ETF Stock Performance

Shares of NASDAQ RNRG traded down $0.23 during midday trading on Friday, reaching $34.81. 292 shares of the company’s stock were exchanged, compared to its average volume of 6,009. Global X Renewable Energy Producers ETF has a 52-week low of $28.53 and a 52-week high of $39.70. The business’s fifty day moving average price is $36.95 and its two-hundred day moving average price is $36.63. The stock has a market capitalization of $30.28 million, a PE ratio of 15.93 and a beta of 0.84.

Global X Renewable Energy Producers ETF Dividend Announcement

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

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.