Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Shares Down 1.7%

Shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG) fell 1.7% during mid-day trading on Tuesday . The stock traded as low as $10.43 and last traded at $10.46. 3,141 shares were traded during mid-day trading, a decline of 73% from the average session volume of 11,619 shares. The stock had previously closed at $10.64.

Global X Renewable Energy Producers ETF Stock Performance

The stock has a market cap of $38.22 million, a price-to-earnings ratio of 17.81 and a beta of 0.78. The company has a 50 day moving average of $10.23 and a 200-day moving average of $10.07.

Global X Renewable Energy Producers ETF Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 27th were issued a $0.0666 dividend. The ex-dividend date was Thursday, June 27th.

Institutional Trading of Global X Renewable Energy Producers ETF

Hedge funds have recently modified their holdings of the stock. Tempus Wealth Planning LLC increased its position in shares of Global X Renewable Energy Producers ETF by 3.8% in the 2nd quarter. Tempus Wealth Planning LLC now owns 41,352 shares of the company’s stock valued at $411,000 after purchasing an additional 1,524 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Global X Renewable Energy Producers ETF by 20.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 388,324 shares of the company’s stock valued at $3,825,000 after buying an additional 65,257 shares in the last quarter. Simplicity Wealth LLC purchased a new stake in Global X Renewable Energy Producers ETF during the 1st quarter worth about $119,000. Finally, Gerber LLC acquired a new position in shares of Global X Renewable Energy Producers ETF during the 4th quarter worth about $147,000.

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.