Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading 2.7% Higher – Still a Buy?

Shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG) were up 2.7% during trading on Tuesday . The company traded as high as $37.00 and last traded at $36.91. Approximately 1,974 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 4,327 shares. The stock had previously closed at $35.95.

Global X Renewable Energy Producers ETF Trading Up 2.7%

The stock has a market capitalization of $29.16 million, a P/E ratio of 15.93 and a beta of 0.88. The company has a fifty day simple moving average of $36.39 and a two-hundred day simple moving average of $34.36.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

Several large investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC bought a new position in Global X Renewable Energy Producers ETF in the fourth quarter valued at approximately $25,000. Raymond James Financial Inc. bought a new stake in shares of Global X Renewable Energy Producers ETF during the 2nd quarter valued at $38,000. Jane Street Group LLC acquired a new position in shares of Global X Renewable Energy Producers ETF in the 4th quarter valued at $441,000. Natural Investments LLC acquired a new position in shares of Global X Renewable Energy Producers ETF in the 4th quarter valued at $1,093,000. Finally, Flow Traders U.S. LLC boosted its position in shares of Global X Renewable Energy Producers ETF by 188.4% in the 3rd quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock worth $1,052,000 after purchasing an additional 21,582 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.