Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Sees Significant Drop in Short Interest

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,968 shares, a decrease of 17.0% from the January 29th total of 2,370 shares. Based on an average trading volume of 2,938 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 2,938 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Global X Renewable Energy Producers ETF

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

Global X Renewable Energy Producers ETF Stock Performance

RNRG traded up $0.32 during trading on Wednesday, reaching $36.21. 634 shares of the company’s stock were exchanged, compared to its average volume of 4,510. The company’s fifty day moving average price is $35.57 and its 200-day moving average price is $33.56. The firm has a market capitalization of $28.61 million, a PE ratio of 15.93 and a beta of 0.88. Global X Renewable Energy Producers ETF has a fifty-two week low of $21.90 and a fifty-two week high of $37.98.

Global X Renewable Energy Producers ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a $0.3741 dividend. This represents a dividend yield of 224.0%. The ex-dividend date was Tuesday, December 30th.

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.