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

Global X Renewable Energy Producers ETF (NASDAQ:RNRGGet Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 5,300 shares, an increase of 2,550.0% from the December 31st total of 200 shares. Based on an average daily volume of 14,900 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Renewable Energy Producers ETF stock. Tempus Wealth Planning LLC increased its position in Global X Renewable Energy Producers ETF (NASDAQ:RNRGFree Report) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,103 shares of the company’s stock after buying an additional 1,751 shares during the quarter. Tempus Wealth Planning LLC owned 1.24% of Global X Renewable Energy Producers ETF worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Global X Renewable Energy Producers ETF Price Performance

RNRG traded down $0.01 on Wednesday, hitting $8.43. 4,364 shares of the stock were exchanged, compared to its average volume of 13,907. Global X Renewable Energy Producers ETF has a 12 month low of $8.40 and a 12 month high of $10.95. The firm has a market capitalization of $27.66 million, a price-to-earnings ratio of 17.81 and a beta of 0.78. The business has a 50-day moving average of $8.86 and a two-hundred day moving average of $9.72.

Global X Renewable Energy Producers ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid a $0.0615 dividend. The ex-dividend date was Monday, December 30th.

Global X Renewable Energy Producers ETF Company Profile

(Get Free Report)

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.

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