Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Sees Large Decline in Short Interest

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 200 shares, a decline of 93.8% from the November 30th total of 3,200 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is presently 0.0 days.

Global X Renewable Energy Producers ETF Trading Down 0.2 %

NASDAQ:RNRG traded down $0.02 during trading hours on Thursday, hitting $8.82. The company had a trading volume of 5,045 shares, compared to its average volume of 11,701. Global X Renewable Energy Producers ETF has a 1 year low of $8.61 and a 1 year high of $11.47. The company has a 50-day moving average of $9.32 and a 200 day moving average of $9.99. The company has a market cap of $30.78 million, a P/E ratio of 17.81 and a beta of 0.78.

Institutional Investors Weigh In On Global X Renewable Energy Producers ETF

A hedge fund recently raised its stake in Global X Renewable Energy Producers ETF stock. Tempus Wealth Planning LLC grew its stake in shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,103 shares of the company’s stock after acquiring an additional 1,751 shares during the period. Tempus Wealth Planning LLC owned about 1.24% of Global X Renewable Energy Producers ETF worth $458,000 at the end of the most recent reporting period.

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.