Short Interest in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Expands By 500.0%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 600 shares, agrowthof500.0% from the July 15th total of 100 shares. Currently,0.0% of the shares of the stock are short sold. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 0.1 days. Currently,0.0% of the shares of the stock are short sold.

Global X Renewable Energy Producers ETF Stock Down 0.7%

Shares of RNRG opened at $9.87 on Friday. The company has a 50-day simple moving average of $9.87 and a 200-day simple moving average of $9.08. The company has a market capitalization of $24.66 million, a PE ratio of 15.93 and a beta of 0.78. Global X Renewable Energy Producers ETF has a 52-week low of $7.30 and a 52-week high of $10.95.

Global X Renewable Energy Producers ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 27th were issued a $0.0419 dividend. The ex-dividend date was Friday, June 27th.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

Large investors have recently made changes to their positions in the stock. Wayfinding Financial LLC purchased a new position in shares of Global X Renewable Energy Producers ETF in the 1st quarter valued at about $28,000. Raymond James Financial Inc. purchased a new position in Global X Renewable Energy Producers ETF during the 2nd quarter valued at about $38,000. OLD Mission Capital LLC purchased a new position in Global X Renewable Energy Producers ETF during the 1st quarter valued at about $94,000. Envestnet Asset Management Inc. increased its holdings in Global X Renewable Energy Producers ETF by 14.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,026 shares of the company’s stock valued at $122,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Flow Traders U.S. LLC increased its holdings in Global X Renewable Energy Producers ETF by 38.3% during the 1st quarter. Flow Traders U.S. LLC now owns 93,298 shares of the company’s stock valued at $766,000 after acquiring an additional 25,855 shares in the last quarter.

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.