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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 200 shares, a decline of 93.8% from the November 30th total of 3,200 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 0.0 days.

Global X Renewable Energy Producers ETF Trading Down 0.7 %

NASDAQ RNRG traded down $0.06 on Friday, hitting $8.79. 9,535 shares of the company’s stock traded hands, compared to its average volume of 11,704. The firm’s 50-day moving average price is $9.30 and its two-hundred day moving average price is $9.98. The firm has a market capitalization of $30.68 million, a PE ratio of 17.81 and a beta of 0.78. Global X Renewable Energy Producers ETF has a 1-year low of $8.61 and a 1-year high of $11.39.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Renewable Energy Producers ETF stock. Tempus Wealth Planning LLC raised its position in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,103 shares of the company’s stock after buying an additional 1,751 shares during the period. Tempus Wealth Planning LLC owned about 1.24% of Global X Renewable Energy Producers ETF worth $458,000 at the end of the most recent quarter.

Global X Renewable Energy Producers ETF Company Profile

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.