Short Interest in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Drops By 83.6%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,000 shares, a decrease of 83.6% from the February 13th total of 6,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 19,400 shares, the short-interest ratio is presently 0.1 days.

Global X Renewable Energy Producers ETF Stock Down 0.2 %

Shares of NASDAQ:RNRG opened at $8.62 on Thursday. The company has a market cap of $28.27 million, a price-to-earnings ratio of 15.85 and a beta of 0.78. The business has a 50 day moving average price of $8.54 and a 200 day moving average price of $9.34. Global X Renewable Energy Producers ETF has a twelve month low of $8.23 and a twelve month high of $10.95.

Global X Renewable Energy Producers ETF Announces Dividend

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

Institutional Trading of Global X Renewable Energy Producers ETF

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Global X Renewable Energy Producers ETF by 14.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,026 shares of the company’s stock worth $122,000 after buying an additional 1,749 shares in the last quarter. Tempus Wealth Planning LLC boosted its position in shares of Global X Renewable Energy Producers ETF by 20.6% during the 4th quarter. Tempus Wealth Planning LLC now owns 51,966 shares of the company’s stock valued at $451,000 after acquiring an additional 8,863 shares in the last quarter. Natural Investments LLC bought a new stake in Global X Renewable Energy Producers ETF in the fourth quarter valued at about $960,000. Jane Street Group LLC boosted its holdings in Global X Renewable Energy Producers ETF by 552.8% during the third quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock valued at $1,289,000 after purchasing an additional 102,650 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Global X Renewable Energy Producers ETF by 74.3% in the 4th quarter. Focus Partners Wealth now owns 177,373 shares of the company’s stock valued at $1,540,000 after purchasing an additional 75,599 shares during the period.

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.