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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 113 shares, a drop of 55.5% from the December 15th total of 254 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 4,709 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 4,709 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Global X Renewable Energy Producers ETF Trading Up 0.4%

Shares of RNRG stock traded up $0.13 during trading on Friday, reaching $34.69. 2,425 shares of the company’s stock traded hands, compared to its average volume of 6,166. The firm’s 50-day moving average is $33.62 and its 200 day moving average is $32.09. The company has a market capitalization of $26.71 million, a P/E ratio of 15.93 and a beta of 0.88. Global X Renewable Energy Producers ETF has a 1 year low of $21.90 and a 1 year high of $34.73.

Global X Renewable Energy Producers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.3741 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 224.0%.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

Several hedge funds have recently made changes to their positions in RNRG. Flow Traders U.S. LLC raised its stake in shares of Global X Renewable Energy Producers ETF by 188.4% during the 3rd quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock valued at $1,052,000 after purchasing an additional 21,582 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Global X Renewable Energy Producers ETF during the second quarter valued at about $38,000. Jane Street Group LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF in the first quarter worth about $963,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Global X Renewable Energy Producers ETF by 5.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,698 shares of the company’s stock worth $1,270,000 after buying an additional 7,895 shares in the last 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.