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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 18,563 shares, a growth of 77.3% from the March 31st total of 10,469 shares. Based on an average trading volume of 8,895 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.3% of the company’s stock are short sold.

Global X Renewable Energy Producers ETF Price Performance

Shares of NASDAQ:RNRG opened at $38.24 on Wednesday. The company’s fifty day moving average price is $37.04 and its 200 day moving average price is $35.19. Global X Renewable Energy Producers ETF has a 12 month low of $26.13 and a 12 month high of $39.48. The firm has a market capitalization of $30.97 million, a P/E ratio of 15.93 and a beta of 0.84.

Institutional Investors Weigh In On Global X Renewable Energy Producers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC acquired a new stake in Global X Renewable Energy Producers ETF during the 4th quarter worth $25,000. Raymond James Financial Inc. purchased a new stake in shares of Global X Renewable Energy Producers ETF in the second quarter valued at about $38,000. Jane Street Group LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF in the fourth quarter valued at about $441,000. Natural Investments LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF in the fourth quarter valued at about $1,093,000. Finally, Flow Traders U.S. LLC raised its holdings 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 valued at $1,052,000 after buying an additional 21,582 shares during 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.