Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Short Interest Down 58.8% in December

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 254 shares, a decrease of 58.8% from the November 30th total of 616 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,841 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,841 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Global X Renewable Energy Producers ETF Price Performance

Shares of RNRG stock opened at $33.49 on Friday. The stock’s 50-day moving average is $33.44 and its 200 day moving average is $31.56. Global X Renewable Energy Producers ETF has a 1-year low of $21.90 and a 1-year high of $34.32. The company has a market cap of $26.46 million, a P/E ratio of 15.93 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Global X Renewable Energy Producers ETF during the second quarter valued at approximately $38,000. OLD Mission Capital LLC acquired a new position in shares of Global X Renewable Energy Producers ETF during the first quarter worth $94,000. Flow Traders U.S. LLC increased its position in shares of Global X Renewable Energy Producers ETF by 188.4% during the third quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock worth $1,052,000 after purchasing an additional 21,582 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF during the 1st quarter valued at $963,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Global X Renewable Energy Producers ETF by 5.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,698 shares of the company’s stock worth $1,270,000 after purchasing an additional 7,895 shares in the last quarter.

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.