Short Interest in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Declines By 98.6%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,800 shares, a decrease of 98.6% from the March 15th total of 132,300 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 22,000 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in Global X Renewable Energy Producers ETF by 14.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,026 shares of the company’s stock worth $122,000 after purchasing an additional 1,749 shares in the last quarter. Tempus Wealth Planning LLC lifted its stake in shares of Global X Renewable Energy Producers ETF by 20.6% during the fourth quarter. Tempus Wealth Planning LLC now owns 51,966 shares of the company’s stock valued at $451,000 after buying an additional 8,863 shares during the period. Focus Partners Wealth grew its stake in 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 during the period. Jane Street Group LLC raised its holdings in Global X Renewable Energy Producers ETF by 552.8% in the 3rd quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock valued at $1,289,000 after acquiring an additional 102,650 shares during the last quarter. Finally, Natural Investments LLC acquired a new stake in shares of Global X Renewable Energy Producers ETF during the fourth quarter worth $960,000.

Global X Renewable Energy Producers ETF Stock Up 0.8 %

Shares of RNRG traded up $0.07 during mid-day trading on Tuesday, reaching $8.56. 1,866 shares of the company’s stock were exchanged, compared to its average volume of 14,125. Global X Renewable Energy Producers ETF has a 52-week low of $7.30 and a 52-week high of $10.95. The company has a market cap of $23.03 million, a price-to-earnings ratio of 15.62 and a beta of 0.78. The company has a 50-day simple moving average of $8.46 and a two-hundred day simple moving average of $8.96.

Global X Renewable Energy Producers ETF Company Profile

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.