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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 6,100 shares, an increase of 1,933.3% from the January 31st total of 300 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is currently 0.3 days.

Global X Renewable Energy Producers ETF Price Performance

Shares of Global X Renewable Energy Producers ETF stock traded down $0.17 during trading on Thursday, hitting $8.51. 1,367 shares of the company’s stock traded hands, compared to its average volume of 14,028. The company has a market cap of $27.90 million, a PE ratio of 15.25 and a beta of 0.78. Global X Renewable Energy Producers ETF has a twelve month low of $8.23 and a twelve month high of $10.95. The firm’s fifty day moving average price is $8.59 and its 200 day moving average price is $9.47.

Global X Renewable Energy Producers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a dividend of $0.0615 per share. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

A number of large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of Global X Renewable Energy Producers ETF by 14.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,026 shares of the company’s stock worth $122,000 after buying an additional 1,749 shares during the last quarter. Tempus Wealth Planning LLC raised its stake in shares of Global X Renewable Energy Producers ETF by 20.6% during the fourth quarter. Tempus Wealth Planning LLC now owns 51,966 shares of the company’s stock worth $451,000 after buying an additional 8,863 shares during the last quarter. Natural Investments LLC bought a new stake in shares of Global X Renewable Energy Producers ETF during the fourth quarter worth approximately $960,000. Jane Street Group LLC raised its stake in shares of Global X Renewable Energy Producers ETF by 552.8% during the third quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock worth $1,289,000 after buying an additional 102,650 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Global X Renewable Energy Producers ETF by 74.3% during the fourth quarter. Focus Partners Wealth now owns 177,373 shares of the company’s stock worth $1,540,000 after buying an additional 75,599 shares during 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.