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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 23,038 shares, a growth of 167.2% from the June 30th total of 8,621 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 4,336 shares, the days-to-cover ratio is currently 5.3 days.

Institutional Trading of Global X Renewable Energy Producers ETF

Several institutional investors and hedge funds have recently made changes to their positions in RNRG. Jane Street Group LLC acquired a new position in Global X Renewable Energy Producers ETF during the first quarter valued at approximately $963,000. Avior Wealth Management LLC bought a new stake in Global X Renewable Energy Producers ETF in the second quarter valued at approximately $3,358,000. Natural Investments LLC acquired a new stake in Global X Renewable Energy Producers ETF in the fourth quarter worth $1,093,000. Flow Traders U.S. LLC raised 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 in the last quarter.

Global X Renewable Energy Producers ETF Trading Down 0.7%

Shares of NASDAQ:RNRG traded down $0.25 during trading on Monday, hitting $34.78. 1,316 shares of the company’s stock were exchanged, compared to its average volume of 6,660. The firm has a market cap of $30.26 million, a P/E ratio of 15.93 and a beta of 0.84. The firm has a 50-day moving average price of $36.62 and a two-hundred day moving average price of $36.72. Global X Renewable Energy Producers ETF has a 1-year low of $28.53 and a 1-year high of $39.70.

Global X Renewable Energy Producers ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were paid a $0.2133 dividend. The ex-dividend date of this dividend was Monday, June 29th.

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.