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 recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 600 shares, anincreaseof500.0% from the July 15th total of 100 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.0% of the shares of the company are short sold. Currently,0.0% of the shares of the company are short sold. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 0.1 days.

Global X Renewable Energy Producers ETF Price Performance

RNRG stock opened at $9.87 on Friday. The company has a fifty day moving average price of $9.87 and a 200 day moving average price of $9.08. Global X Renewable Energy Producers ETF has a 12 month low of $7.30 and a 12 month high of $10.95. The company has a market cap of $24.66 million, a price-to-earnings ratio of 15.93 and a beta of 0.78.

Global X Renewable Energy Producers ETF Cuts Dividend

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

Institutional Trading of Global X Renewable Energy Producers ETF

Several institutional investors and hedge funds have recently bought and sold shares of RNRG. Wayfinding Financial LLC acquired a new stake in shares of Global X Renewable Energy Producers ETF in the 1st quarter worth $28,000. Raymond James Financial Inc. purchased a new position in shares of Global X Renewable Energy Producers ETF in the 2nd quarter valued at about $38,000. OLD Mission Capital LLC purchased a new position in shares of Global X Renewable Energy Producers ETF in the 1st quarter valued at about $94,000. Envestnet Asset Management Inc. increased its holdings in shares of Global X Renewable Energy Producers ETF by 14.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 14,026 shares of the company’s stock valued at $122,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Flow Traders U.S. LLC increased its holdings in shares of Global X Renewable Energy Producers ETF by 38.3% in the 1st quarter. Flow Traders U.S. LLC now owns 93,298 shares of the company’s stock valued at $766,000 after purchasing an additional 25,855 shares in 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.