Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading Up 1.3% – Should You Buy?

Global X Renewable Energy Producers ETF (NASDAQ:RNRGGet Free Report) shares traded up 1.3% on Thursday . The company traded as high as $33.55 and last traded at $33.45. 314 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 5,775 shares. The stock had previously closed at $33.03.

Global X Renewable Energy Producers ETF Stock Performance

The stock has a market capitalization of $25.44 million, a P/E ratio of 15.93 and a beta of 0.84. The company’s fifty day simple moving average is $34.39 and its two-hundred day simple moving average is $36.21.

Global X Renewable Energy Producers ETF Dividend Announcement

The firm also recently declared a semiannual dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were given a dividend of $0.2133 per share. This represents a dividend yield of 121.0%. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Trading of Global X Renewable Energy Producers ETF

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Global X Renewable Energy Producers ETF in the 2nd quarter worth approximately $69,000. Natural Investments LLC lifted its holdings in shares of Global X Renewable Energy Producers ETF by 7.5% in the second quarter. Natural Investments LLC now owns 32,048 shares of the company’s stock worth $1,141,000 after buying an additional 2,229 shares in the last quarter. Finally, Avior Wealth Management LLC purchased a new stake in Global X Renewable Energy Producers ETF in the 2nd quarter worth approximately $3,358,000.

Global X Renewable Energy Producers ETF Company Profile

(Get Free Report)

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.

Further Reading

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