Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Stock Price Up 2.7% – Time to Buy?

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) rose 2.7% on Tuesday . The stock traded as high as $37.00 and last traded at $36.91. Approximately 1,974 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 4,327 shares. The stock had previously closed at $35.95.

Global X Renewable Energy Producers ETF Stock Up 0.1%

The firm has a market cap of $29.34 million, a price-to-earnings ratio of 15.93 and a beta of 0.88. The business has a 50 day moving average price of $36.44 and a 200-day moving average price of $34.38.

Institutional Trading of Global X Renewable Energy Producers ETF

A number of hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Global X Renewable Energy Producers ETF by 5.4% during the first 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 in the last quarter. Jane Street Group LLC purchased a new stake in Global X Renewable Energy Producers ETF during the 1st quarter worth $963,000. Raymond James Financial Inc. purchased a new stake in Global X Renewable Energy Producers ETF during the 2nd quarter worth $38,000. Flow Traders U.S. LLC lifted its holdings in 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 worth $1,052,000 after buying an additional 21,582 shares in the last quarter. Finally, Natural Investments LLC purchased a new position in Global X Renewable Energy Producers ETF in the 4th quarter valued at 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.