Short Interest in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Drops By 98.6%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,800 shares, a drop of 98.6% from the March 15th total of 132,300 shares. Based on an average trading volume of 22,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Global X Renewable Energy Producers ETF Trading Up 0.2 %

RNRG stock opened at $8.51 on Wednesday. The stock has a market cap of $22.89 million, a PE ratio of 14.44 and a beta of 0.83. Global X Renewable Energy Producers ETF has a 12 month low of $7.30 and a 12 month high of $10.95. The company has a 50-day moving average price of $8.46 and a 200 day moving average price of $8.95.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in shares of Global X Renewable Energy Producers ETF by 14.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,026 shares of the company’s stock worth $122,000 after buying an additional 1,749 shares during the period. Tempus Wealth Planning LLC grew its position in Global X Renewable Energy Producers ETF by 20.6% in the 4th quarter. Tempus Wealth Planning LLC now owns 51,966 shares of the company’s stock valued at $451,000 after acquiring an additional 8,863 shares during the last quarter. Natural Investments LLC purchased a new stake in Global X Renewable Energy Producers ETF in the fourth quarter worth $960,000. Jane Street Group LLC lifted its position in shares of Global X Renewable Energy Producers ETF by 552.8% during the third quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock worth $1,289,000 after purchasing an additional 102,650 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Global X Renewable Energy Producers ETF by 74.3% during the fourth quarter. Focus Partners Wealth now owns 177,373 shares of the company’s stock valued at $1,540,000 after purchasing an additional 75,599 shares during the period.

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.