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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 132,300 shares, an increase of 13,130.0% from the February 28th total of 1,000 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,100 shares, the short-interest ratio is presently 6.9 days.

Global X Renewable Energy Producers ETF Price Performance

Global X Renewable Energy Producers ETF stock opened at $8.49 on Friday. The business has a 50 day simple moving average of $8.53 and a 200 day simple moving average of $9.20. Global X Renewable Energy Producers ETF has a one year low of $8.23 and a one year high of $10.95. The company has a market capitalization of $27.85 million, a PE ratio of 15.85 and a beta of 0.78.

Institutional Investors Weigh In On Global X Renewable Energy Producers ETF

Several large investors have recently made changes to their positions in RNRG. Envestnet Asset Management Inc. boosted its position in 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 valued at $122,000 after buying an additional 1,749 shares in the last quarter. Tempus Wealth Planning LLC raised its stake in shares of Global X Renewable Energy Producers ETF by 20.6% in the fourth 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. Focus Partners Wealth boosted its holdings in shares of Global X Renewable Energy Producers ETF by 74.3% in the 4th quarter. Focus Partners Wealth now owns 177,373 shares of the company’s stock worth $1,540,000 after acquiring an additional 75,599 shares in the last quarter. Jane Street Group LLC grew its position in Global X Renewable Energy Producers ETF by 552.8% during the 3rd quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock worth $1,289,000 after acquiring an additional 102,650 shares during the last quarter. Finally, Natural Investments LLC acquired a new stake in Global X Renewable Energy Producers ETF during the 4th quarter valued at $960,000.

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.