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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,800 shares, a decline of 98.6% from the March 15th total of 132,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 22,000 shares, the short-interest ratio is presently 0.1 days.

Global X Renewable Energy Producers ETF Stock Performance

NASDAQ:RNRG traded up $0.07 during mid-day trading on Monday, hitting $8.49. The stock had a trading volume of 23,399 shares, compared to its average volume of 14,174. The company’s 50 day simple moving average is $8.46 and its 200 day simple moving average is $8.97. The stock has a market cap of $22.84 million, a price-to-earnings ratio of 15.62 and a beta of 0.78. Global X Renewable Energy Producers ETF has a twelve month low of $7.30 and a twelve month high of $10.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RNRG. Envestnet Asset Management Inc. raised its position in shares of Global X Renewable Energy Producers ETF by 14.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,026 shares of the company’s stock valued at $122,000 after purchasing an additional 1,749 shares during the period. Tempus Wealth Planning LLC raised its holdings 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 acquiring an additional 8,863 shares during the period. Natural Investments LLC bought a new position in Global X Renewable Energy Producers ETF in the 4th quarter valued at about $960,000. Jane Street Group LLC lifted its position 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 worth $1,289,000 after acquiring an additional 102,650 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of 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 worth $1,540,000 after acquiring an additional 75,599 shares during the period.

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.