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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 5,600 shares, a decrease of 22.2% from the May 31st total of 7,200 shares. Based on an average trading volume of 9,900 shares, the short-interest ratio is currently 0.6 days.

Global X Renewable Energy Producers ETF Stock Performance

NASDAQ:RNRG traded down $0.14 during trading on Friday, reaching $9.95. The company’s stock had a trading volume of 44,380 shares, compared to its average volume of 12,255. Global X Renewable Energy Producers ETF has a 12 month low of $9.12 and a 12 month high of $12.39. The firm has a market cap of $39.50 million, a price-to-earnings ratio of 17.81 and a beta of 0.78. The firm has a 50 day moving average of $10.25 and a 200-day moving average of $10.20.

Global X Renewable Energy Producers ETF Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 27th will be given a $0.0666 dividend. The ex-dividend date of this dividend is Thursday, June 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Simplicity Wealth LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF during the 1st quarter worth approximately $119,000. Abundance Wealth Counselors bought a new position in Global X Renewable Energy Producers ETF during the fourth quarter valued at $146,000. Gerber LLC purchased a new stake in Global X Renewable Energy Producers ETF in the fourth quarter worth $147,000. Tempus Wealth Planning LLC raised its stake in shares of Global X Renewable Energy Producers ETF by 10.2% in the first quarter. Tempus Wealth Planning LLC now owns 39,828 shares of the company’s stock valued at $392,000 after buying an additional 3,689 shares during the period. Finally, LFA Lugano Financial Advisors SA raised its stake in shares of Global X Renewable Energy Producers ETF by 24.7% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 63,880 shares of the company’s stock valued at $721,000 after buying an additional 12,639 shares during the period.

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.