Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading Up 0.4% – What’s Next?

Global X Renewable Energy Producers ETF (NASDAQ:RNRG)’s share price shot up 0.4% during mid-day trading on Monday . The company traded as high as $37.85 and last traded at $37.80. 8,380 shares changed hands during mid-day trading, an increase of 56% from the average session volume of 5,373 shares. The stock had previously closed at $37.65.

Global X Renewable Energy Producers ETF Stock Performance

The stock has a market capitalization of $30.62 million, a P/E ratio of 15.93 and a beta of 0.84. The stock has a 50-day moving average price of $37.43 and a two-hundred day moving average price of $35.63.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC bought a new stake in shares of Global X Renewable Energy Producers ETF during the fourth quarter valued at approximately $25,000. Raymond James Financial Inc. bought a new stake in Global X Renewable Energy Producers ETF in the 2nd quarter worth about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Global X Renewable Energy Producers ETF by 5.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,698 shares of the company’s stock valued at $1,270,000 after acquiring an additional 7,895 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Global X Renewable Energy Producers ETF in the fourth quarter worth approximately $441,000. Finally, Flow Traders U.S. LLC raised its holdings in shares of Global X Renewable Energy Producers ETF by 188.4% during the third quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock valued at $1,052,000 after purchasing an additional 21,582 shares during 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.