TrueShares Eagle Global Renewable Energy Income ETF (NYSEARCA:RNWZ) Sees Large Growth in Short Interest

TrueShares Eagle Global Renewable Energy Income ETF (NYSEARCA:RNWZ) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,506 shares, a growth of 330.3% from the May 31st total of 350 shares. Based on an average daily volume of 1,209 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.3% of the company’s stock are sold short.

TrueShares Eagle Global Renewable Energy Income ETF Stock Performance

NYSEARCA RNWZ opened at $31.48 on Monday. The stock has a market cap of $3.78 million, a price-to-earnings ratio of 13.55 and a beta of 0.47. The business has a 50 day simple moving average of $32.02 and a 200 day simple moving average of $30.67. TrueShares Eagle Global Renewable Energy Income ETF has a 52-week low of $22.44 and a 52-week high of $33.54.

About TrueShares Eagle Global Renewable Energy Income ETF

The TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks long-term capital growth by actively managing a portfolio of renewable energy infrastructure companies from across the globe. RNWZ was launched on Dec 8, 2022 and is managed by TrueShares.