Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading 1.3% Higher – Should You Buy?

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) rose 1.3% on Thursday . The stock traded as high as $33.55 and last traded at $33.45. Approximately 314 shares were traded during trading, a decline of 95% from the average session volume of 5,775 shares. The stock had previously closed at $33.03.

Global X Renewable Energy Producers ETF Stock Performance

The stock has a market cap of $1.34 million, a P/E ratio of 15.93 and a beta of 0.84. The firm has a 50 day moving average of $34.42 and a two-hundred day moving average of $36.23.

Global X Renewable Energy Producers ETF Announces Dividend

The firm also recently declared a semiannual dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a dividend of $0.2133 per share. The ex-dividend date was Monday, June 29th. This represents a dividend yield of 121.0%.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC bought a new stake in Global X Renewable Energy Producers ETF in the 2nd quarter valued at $3,358,000. Integrated Wealth Concepts LLC bought a new position in shares of Global X Renewable Energy Producers ETF during the 2nd quarter worth about $69,000. Finally, Natural Investments LLC raised its position in shares of Global X Renewable Energy Producers ETF by 7.5% during the second quarter. Natural Investments LLC now owns 32,048 shares of the company’s stock valued at $1,141,000 after buying an additional 2,229 shares during the last 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.