Short Interest in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Increases By 167.2%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 23,038 shares, a growth of 167.2% from the June 30th total of 8,621 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average daily volume of 4,336 shares, the days-to-cover ratio is presently 5.3 days.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

Large investors have recently modified their holdings of the company. Avior Wealth Management LLC purchased a new position in shares of Global X Renewable Energy Producers ETF in the second quarter worth $3,358,000. Jane Street Group LLC purchased a new position in Global X Renewable Energy Producers ETF during the fourth quarter valued at $441,000. CIBC Private Wealth Group LLC bought a new stake in Global X Renewable Energy Producers ETF in the fourth quarter worth $25,000. Natural Investments LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF in the fourth quarter worth $1,093,000. Finally, Flow Traders U.S. LLC increased 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 acquiring an additional 21,582 shares in the last quarter.

Global X Renewable Energy Producers ETF Stock Down 1.0%

RNRG stock traded down $0.35 during midday trading on Wednesday, reaching $33.87. 451 shares of the company’s stock traded hands, compared to its average volume of 6,583. Global X Renewable Energy Producers ETF has a 52 week low of $28.53 and a 52 week high of $39.70. The firm’s fifty day moving average price is $36.49 and its 200-day moving average price is $36.72. The company has a market cap of $25.74 million, a price-to-earnings ratio of 15.93 and a beta of 0.84.

Global X Renewable Energy Producers ETF Dividend Announcement

The firm also recently declared 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 was Monday, June 29th.

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.