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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,000 shares, a decrease of 83.6% from the February 13th total of 6,100 shares. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Global X Renewable Energy Producers ETF

Hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Global X Renewable Energy Producers ETF by 14.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,026 shares of the company’s stock valued at $122,000 after buying an additional 1,749 shares in the last quarter. Tempus Wealth Planning LLC lifted its position in Global X Renewable Energy Producers ETF by 20.6% during the 4th quarter. Tempus Wealth Planning LLC now owns 51,966 shares of the company’s stock valued at $451,000 after acquiring an additional 8,863 shares during the period. Focus Partners Wealth boosted its stake in Global X Renewable Energy Producers ETF by 74.3% during the fourth quarter. Focus Partners Wealth now owns 177,373 shares of the company’s stock worth $1,540,000 after acquiring an additional 75,599 shares in the last quarter. Jane Street Group LLC grew its holdings in Global X Renewable Energy Producers ETF by 552.8% in the third quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock worth $1,289,000 after purchasing an additional 102,650 shares during the period. Finally, Natural Investments LLC purchased a new stake in Global X Renewable Energy Producers ETF in the fourth quarter worth about $960,000.

Global X Renewable Energy Producers ETF Price Performance

NASDAQ:RNRG traded down $0.02 during trading hours on Wednesday, hitting $8.62. The company had a trading volume of 92,442 shares, compared to its average volume of 12,264. Global X Renewable Energy Producers ETF has a 52 week low of $8.23 and a 52 week high of $10.95. The stock has a 50-day moving average price of $8.54 and a 200 day moving average price of $9.34. The company has a market capitalization of $28.27 million, a PE ratio of 15.85 and a beta of 0.78.

Global X Renewable Energy Producers ETF Dividend Announcement

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

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.