Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Short Interest Update

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 8,621 shares, a drop of 41.7% from the June 15th total of 14,800 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 2,705 shares, the days-to-cover ratio is currently 3.2 days.

Global X Renewable Energy Producers ETF Trading Down 1.2%

RNRG stock traded down $0.43 during trading hours on Thursday, hitting $35.04. 1,456 shares of the stock traded hands, compared to its average volume of 6,052. Global X Renewable Energy Producers ETF has a one year low of $28.53 and a one year high of $39.70. The company has a market cap of $30.48 million, a P/E ratio of 15.93 and a beta of 0.84. The stock has a 50-day simple moving average of $37.10 and a 200 day simple moving average of $36.63.

Global X Renewable Energy Producers ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were paid a dividend of $0.2133 per share. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RNRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Global X Renewable Energy Producers ETF by 5.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,698 shares of the company’s stock worth $1,270,000 after purchasing an additional 7,895 shares during the period. Jane Street Group LLC acquired a new position in Global X Renewable Energy Producers ETF in the 1st quarter worth about $963,000. Avior Wealth Management LLC bought a new position in Global X Renewable Energy Producers ETF during the second quarter valued at approximately $3,358,000. Flow Traders U.S. LLC lifted its stake in shares of Global X Renewable Energy Producers ETF by 188.4% in the 3rd 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. Finally, Natural Investments LLC bought a new stake in shares of Global X Renewable Energy Producers ETF during the 4th quarter worth about $1,093,000.

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.