Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Global X Renewable Energy Producers ETF (NASDAQ:RNRG)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.23 and traded as low as $9.22. Global X Renewable Energy Producers ETF shares last traded at $9.28, with a volume of 11,168 shares traded.

Global X Renewable Energy Producers ETF Stock Up 1.2 %

The stock’s 50 day moving average price is $9.93 and its 200-day moving average price is $10.22. The stock has a market capitalization of $32.39 million, a PE ratio of 17.81 and a beta of 0.78.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

A hedge fund recently raised its stake in Global X Renewable Energy Producers ETF stock. Jane Street Group LLC lifted its position in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 552.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,219 shares of the company’s stock after purchasing an additional 102,650 shares during the period. Jane Street Group LLC owned 3.47% of Global X Renewable Energy Producers ETF worth $1,289,000 at the end of the most recent quarter.

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.