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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 13,900 shares, a growth of 12,200.9% from the December 31st total of 113 shares. Based on an average trading volume of 6,284 shares, the short-interest ratio is presently 2.2 days. Approximately 1.8% of the shares of the company are sold short. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 6,284 shares, the short-interest ratio is presently 2.2 days.

Global X Renewable Energy Producers ETF Price Performance

Shares of Global X Renewable Energy Producers ETF stock opened at $36.70 on Wednesday. Global X Renewable Energy Producers ETF has a 1-year low of $21.90 and a 1-year high of $36.71. The company’s fifty day simple moving average is $33.85 and its 200-day simple moving average is $32.38. The stock has a market capitalization of $28.99 million, a PE ratio of 15.93 and a beta of 0.88.

Global X Renewable Energy Producers ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.3741 per share. This represents a yield of 224.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of Global X Renewable Energy Producers ETF during the 1st quarter valued at approximately $963,000. Natural Investments LLC bought a new position in shares of Global X Renewable Energy Producers ETF in the fourth quarter worth approximately $1,093,000. Flow Traders U.S. LLC increased its stake in shares of Global X Renewable Energy Producers ETF by 188.4% in the third 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Global X Renewable Energy Producers ETF by 5.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,698 shares of the company’s stock valued at $1,270,000 after purchasing an additional 7,895 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Global X Renewable Energy Producers ETF during the 2nd quarter valued at $38,000.

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.