Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading Up 0.6% – Time to Buy?

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) shares shot up 0.6% during mid-day trading on Thursday . The company traded as high as $34.72 and last traded at $34.72. Approximately 459 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 6,167 shares. The stock had previously closed at $34.53.

Global X Renewable Energy Producers ETF Trading Up 0.6%

The firm has a fifty day moving average price of $34.91 and a 200 day moving average price of $36.57. The firm has a market cap of $26.39 million, a PE ratio of 15.93 and a beta of 0.84.

Global X Renewable Energy Producers ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were given a dividend of $0.2133 per share. The ex-dividend date was Monday, June 29th.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

Several institutional investors and hedge funds have recently bought and sold shares of RNRG. CIBC Private Wealth Group LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF in the 4th quarter valued at approximately $25,000. Raymond James Financial Inc. purchased a new stake in shares of Global X Renewable Energy Producers ETF during the 2nd quarter valued at approximately $38,000. Jane Street Group LLC acquired a new position in Global X Renewable Energy Producers ETF in the fourth quarter valued at approximately $441,000. Flow Traders U.S. LLC lifted 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 valued at $1,052,000 after acquiring an additional 21,582 shares during the last quarter. Finally, Natural Investments LLC grew its position in Global X Renewable Energy Producers ETF by 7.5% in the second quarter. Natural Investments LLC now owns 32,048 shares of the company’s stock worth $1,141,000 after acquiring an additional 2,229 shares during the period.

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.