Short Interest in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Grows By 12,200.9%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 13,900 shares, an increase of 12,200.9% from the December 31st total of 113 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 6,284 shares, the days-to-cover ratio is presently 2.2 days. Based on an average daily volume of 6,284 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.8% of the company’s stock are short sold.

Institutional Trading of Global X Renewable Energy Producers ETF

A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Global X Renewable Energy Producers ETF during the 2nd quarter worth about $38,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Global X Renewable Energy Producers ETF by 5.4% during the first 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 during the period. Flow Traders U.S. LLC increased its holdings in Global X Renewable Energy Producers ETF by 188.4% in 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. Natural Investments LLC acquired a new position in Global X Renewable Energy Producers ETF in the fourth quarter valued at approximately $1,093,000. Finally, Jane Street Group LLC bought a new position in shares of Global X Renewable Energy Producers ETF during the 1st quarter worth approximately $963,000.

Global X Renewable Energy Producers ETF Stock Performance

NASDAQ RNRG traded up $0.71 on Tuesday, reaching $36.70. The company had a trading volume of 5,905 shares, compared to its average volume of 5,783. The company’s fifty day moving average is $33.85 and its 200-day moving average is $32.38. Global X Renewable Energy Producers ETF has a 1-year low of $21.90 and a 1-year high of $36.71. The firm has a market capitalization of $28.99 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 declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a $0.3741 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 224.0%.

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.