Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Sees Large Increase in Short Interest

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 6,100 shares, a growth of 1,933.3% from the January 31st total of 300 shares. Based on an average trading volume of 18,200 shares, the days-to-cover ratio is currently 0.3 days.

Global X Renewable Energy Producers ETF Price Performance

Shares of NASDAQ:RNRG opened at $8.52 on Friday. The business’s 50 day simple moving average is $8.58 and its 200-day simple moving average is $9.45. The firm has a market capitalization of $27.95 million, a price-to-earnings ratio of 15.25 and a beta of 0.78. Global X Renewable Energy Producers ETF has a 12 month low of $8.23 and a 12 month high of $10.95.

Global X Renewable Energy Producers ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were paid a dividend of $0.0615 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Investors Weigh In On Global X Renewable Energy Producers ETF

Several institutional investors have recently modified their holdings of the company. Focus Partners Wealth boosted its stake in shares of Global X Renewable Energy Producers ETF by 74.3% during 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. Envestnet Asset Management Inc. lifted its stake in Global X Renewable Energy Producers ETF by 14.2% in the 4th 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. Natural Investments LLC purchased a new stake in Global X Renewable Energy Producers ETF in the 4th quarter valued at approximately $960,000. Tempus Wealth Planning LLC lifted its stake in Global X Renewable Energy Producers ETF by 20.6% in the 4th 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 in the last quarter. Finally, Jane Street Group LLC lifted its stake 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 buying an additional 102,650 shares in the last quarter.

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.