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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 23,038 shares, an increase of 167.2% from the June 30th total of 8,621 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average trading volume of 4,336 shares, the short-interest ratio is presently 5.3 days.

Global X Renewable Energy Producers ETF Stock Performance

Shares of RNRG stock traded down $0.45 on Tuesday, hitting $34.33. The stock had a trading volume of 1,803 shares, compared to its average volume of 6,625. The stock’s 50 day moving average is $36.56 and its 200-day moving average is $36.72. The firm has a market capitalization of $29.87 million, a price-to-earnings ratio of 15.93 and a beta of 0.84. Global X Renewable Energy Producers ETF has a 52-week low of $28.53 and a 52-week high of $39.70.

Global X Renewable Energy Producers ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued a $0.2133 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Trading of Global X Renewable Energy Producers ETF

Several hedge funds have recently added to or reduced their stakes in RNRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Global X Renewable Energy Producers ETF by 5.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,698 shares of the company’s stock worth $1,270,000 after purchasing an additional 7,895 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Global X Renewable Energy Producers ETF in the 1st quarter valued at $963,000. Raymond James Financial Inc. bought a new position in shares of Global X Renewable Energy Producers ETF during the 2nd quarter worth about $38,000. Flow Traders U.S. LLC lifted its holdings in shares of Global X Renewable Energy Producers ETF by 188.4% during the 3rd quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock worth $1,052,000 after acquiring an additional 21,582 shares during the period. Finally, Natural Investments LLC acquired a new stake in Global X Renewable Energy Producers ETF in the fourth quarter worth about $1,093,000.

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.