Short Interest in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Drops By 27.8%

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,300 shares, a decline of 27.8% from the March 31st total of 1,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 21,400 shares, the days-to-cover ratio is currently 0.1 days.

Global X Renewable Energy Producers ETF Price Performance

RNRG opened at $8.82 on Wednesday. The stock has a market capitalization of $22.57 million, a price-to-earnings ratio of 14.44 and a beta of 0.78. The business has a 50-day moving average of $8.51 and a two-hundred day moving average of $8.84. Global X Renewable Energy Producers ETF has a 12 month low of $7.30 and a 12 month high of $10.95.

Institutional Trading of Global X Renewable Energy Producers ETF

A number of institutional investors have recently modified their holdings of RNRG. Natural Investments LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF during the 4th quarter worth about $960,000. Focus Partners Wealth grew its holdings in shares of Global X Renewable Energy Producers ETF by 74.3% during the 4th quarter. Focus Partners Wealth now owns 177,373 shares of the company’s stock worth $1,540,000 after purchasing an additional 75,599 shares during the period. Tempus Wealth Planning LLC grew its holdings in shares of Global X Renewable Energy Producers ETF by 20.6% during the 4th quarter. Tempus Wealth Planning LLC now owns 51,966 shares of the company’s stock worth $451,000 after purchasing an additional 8,863 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF during the 1st quarter worth about $28,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of 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 worth $122,000 after purchasing an additional 1,749 shares during the 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.