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 growth in short interest in July. As of July 15th, there was short interest totaling 23,038 shares, a growth of 167.2% from the June 30th total of 8,621 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average trading volume of 4,336 shares, the days-to-cover ratio is presently 5.3 days.

Global X Renewable Energy Producers ETF Stock Performance

NASDAQ RNRG traded down $0.25 on Monday, reaching $34.78. The company had a trading volume of 1,316 shares, compared to its average volume of 6,660. The firm has a market capitalization of $30.26 million, a price-to-earnings ratio of 15.93 and a beta of 0.84. Global X Renewable Energy Producers ETF has a 1-year low of $28.53 and a 1-year high of $39.70. The company’s fifty day moving average is $36.62 and its 200-day moving average is $36.72.

Global X Renewable Energy Producers ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a $0.2133 dividend. The ex-dividend date was Monday, June 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds 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 fourth quarter worth about $25,000. Raymond James Financial Inc. bought a new stake in Global X Renewable Energy Producers ETF in the 2nd quarter valued at approximately $38,000. Jane Street Group LLC bought a new stake in Global X Renewable Energy Producers ETF in the 4th quarter valued at approximately $441,000. Flow Traders U.S. LLC boosted its position in Global X Renewable Energy Producers ETF by 188.4% during the 3rd quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock worth $1,052,000 after acquiring an additional 21,582 shares during the last quarter. Finally, Natural Investments LLC acquired a new position in Global X Renewable Energy Producers ETF during the 4th quarter worth 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.