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 growth in short interest in the month of March. As of March 15th, there was short interest totalling 132,300 shares, a growth of 13,130.0% from the February 28th total of 1,000 shares. Based on an average daily volume of 19,100 shares, the short-interest ratio is currently 6.9 days. Approximately 4.0% of the shares of the company are sold short.

Global X Renewable Energy Producers ETF Price Performance

Shares of NASDAQ:RNRG traded down $0.13 during mid-day trading on Wednesday, reaching $8.45. 3,665 shares of the company traded hands, compared to its average volume of 12,188. Global X Renewable Energy Producers ETF has a 52 week low of $8.23 and a 52 week high of $10.95. The firm has a market cap of $27.72 million, a PE ratio of 15.85 and a beta of 0.78. The company’s 50 day moving average price is $8.53 and its 200-day moving average price is $9.21.

Global X Renewable Energy Producers ETF Dividend Announcement

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

Institutional Trading of Global X Renewable Energy Producers ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in RNRG. Natural Investments LLC bought a new position in shares of Global X Renewable Energy Producers ETF during the fourth quarter worth $960,000. Jane Street Group LLC increased its holdings in shares of Global X Renewable Energy Producers ETF by 552.8% in the third quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock worth $1,289,000 after purchasing an additional 102,650 shares during the last quarter. Focus Partners Wealth boosted its stake in Global X Renewable Energy Producers ETF by 74.3% during the fourth quarter. Focus Partners Wealth now owns 177,373 shares of the company’s stock valued at $1,540,000 after buying an additional 75,599 shares during the last quarter. Tempus Wealth Planning LLC increased 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 worth $451,000 after acquiring an additional 8,863 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of 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 acquiring an additional 1,749 shares in the last quarter.

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.