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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 2,370 shares, a decrease of 82.9% from the January 15th total of 13,900 shares. Based on an average daily volume of 4,168 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 4,168 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Global X Renewable Energy Producers ETF

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Global X Renewable Energy Producers ETF during the second quarter valued at about $38,000. Natural Investments LLC purchased a new stake in Global X Renewable Energy Producers ETF in the 4th quarter worth approximately $1,093,000. Flow Traders U.S. LLC grew its position in shares of Global X Renewable Energy Producers ETF by 188.4% in the 3rd quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock worth $1,052,000 after buying an additional 21,582 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Global X Renewable Energy Producers ETF in the 1st quarter worth approximately $963,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 acquiring an additional 7,895 shares during the period.

Global X Renewable Energy Producers ETF Price Performance

Global X Renewable Energy Producers ETF stock traded up $0.22 during mid-day trading on Tuesday, hitting $36.94. The company’s stock had a trading volume of 812 shares, compared to its average volume of 4,412. The business has a 50 day moving average price of $34.45 and a 200-day moving average price of $32.80. Global X Renewable Energy Producers ETF has a 12 month low of $21.90 and a 12 month high of $37.00. The stock has a market cap of $29.18 million, a price-to-earnings ratio of 15.93 and a beta of 0.88.

Global X Renewable Energy Producers ETF Announces Dividend

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