Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Sees Significant Drop in Short Interest

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 300 shares, a decrease of 75.0% from the January 15th total of 1,200 shares. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Global X Renewable Energy Producers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Natural Investments LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF in the 4th quarter worth about $960,000. Jane Street Group LLC raised its position in Global X Renewable Energy Producers ETF by 552.8% during the third quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock worth $1,289,000 after acquiring an additional 102,650 shares during the last quarter. Finally, Tempus Wealth Planning LLC lifted its holdings in shares of Global X Renewable Energy Producers ETF by 20.6% in the fourth quarter. Tempus Wealth Planning LLC now owns 51,966 shares of the company’s stock valued at $451,000 after purchasing an additional 8,863 shares in the last quarter.

Global X Renewable Energy Producers ETF Trading Up 0.1 %

Shares of RNRG traded up $0.01 during trading hours on Wednesday, reaching $8.35. The company had a trading volume of 18,572 shares, compared to its average volume of 16,938. Global X Renewable Energy Producers ETF has a 12-month low of $8.23 and a 12-month high of $10.95. The firm has a 50 day simple moving average of $8.69 and a 200-day simple moving average of $9.59. The company has a market capitalization of $27.39 million, a price-to-earnings ratio of 17.81 and a beta of 0.78.

Global X Renewable Energy Producers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued a $0.0615 dividend. The ex-dividend date was Monday, December 30th.

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.