Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading Up 0.6% – Still a Buy?

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) shares shot up 0.6% during mid-day trading on Thursday . The company traded as high as $34.72 and last traded at $34.72. Approximately 459 shares changed hands during trading, a decline of 93% from the average daily volume of 6,167 shares. The stock had previously closed at $34.53.

Global X Renewable Energy Producers ETF Stock Down 1.3%

The stock has a 50-day moving average of $34.87 and a 200 day moving average of $36.56. The stock has a market cap of $26.05 million, a PE ratio of 15.93 and a beta of 0.84.

Global X Renewable Energy Producers ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors 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.

Institutional Investors Weigh In On 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 purchased a new stake in Global X Renewable Energy Producers ETF in the 4th quarter valued at $25,000. Natural Investments LLC lifted its holdings in Global X Renewable Energy Producers ETF by 7.5% in the 2nd quarter. Natural Investments LLC now owns 32,048 shares of the company’s stock valued at $1,141,000 after purchasing an additional 2,229 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Global X Renewable Energy Producers ETF in the second quarter valued at $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Global X Renewable Energy Producers ETF by 5.4% in the 1st 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. Finally, Jane Street Group LLC acquired a new position in shares of Global X Renewable Energy Producers ETF during the 4th quarter valued at $441,000.

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.