Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Short Interest Update

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 8,621 shares, a drop of 41.7% from the June 15th total of 14,800 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,705 shares, the short-interest ratio is presently 3.2 days.

Institutional Investors Weigh In On Global X Renewable Energy Producers ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RNRG. CIBC Private Wealth Group LLC acquired a new stake in shares of Global X Renewable Energy Producers ETF in the 4th quarter valued at about $25,000. Raymond James Financial Inc. acquired a new position in Global X Renewable Energy Producers ETF during the 2nd quarter valued at about $38,000. Jane Street Group LLC acquired a new position in Global X Renewable Energy Producers ETF during the 4th quarter valued at about $441,000. Natural Investments LLC bought a new position in Global X Renewable Energy Producers ETF in the 4th quarter worth about $1,093,000. Finally, Flow Traders U.S. LLC grew its position in Global X Renewable Energy Producers ETF by 188.4% in the 3rd quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock worth $1,052,000 after purchasing an additional 21,582 shares during the last quarter.

Global X Renewable Energy Producers ETF Stock Performance

Global X Renewable Energy Producers ETF stock traded down $0.43 during trading on Thursday, reaching $35.04. 1,456 shares of the company’s stock were exchanged, compared to its average volume of 6,052. Global X Renewable Energy Producers ETF has a 52-week low of $28.53 and a 52-week high of $39.70. The company’s 50-day moving average is $37.10 and its two-hundred day moving average is $36.63. The firm has a market cap of $30.48 million, a price-to-earnings ratio of 15.93 and a beta of 0.84.

Global X Renewable Energy Producers ETF Announces Dividend

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

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.