TrueShares Eagle Global Renewable Energy Income ETF (NYSEARCA:RNWZ) Sees Significant Decrease in Short Interest

TrueShares Eagle Global Renewable Energy Income ETF (NYSEARCA:RNWZ) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 337 shares, a decrease of 77.6% from the June 15th total of 1,506 shares. Based on an average trading volume of 875 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

TrueShares Eagle Global Renewable Energy Income ETF Stock Performance

Shares of RNWZ remained flat at $30.96 during mid-day trading on Monday. 183 shares of the stock traded hands, compared to its average volume of 2,044. TrueShares Eagle Global Renewable Energy Income ETF has a one year low of $22.44 and a one year high of $33.54. The stock has a 50 day moving average of $31.68 and a 200-day moving average of $30.97. The firm has a market capitalization of $5.88 million, a P/E ratio of 13.55 and a beta of 0.48.

About TrueShares Eagle Global Renewable Energy Income ETF

The TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks long-term capital growth by actively managing a portfolio of renewable energy infrastructure companies from across the globe. RNWZ was launched on Dec 8, 2022 and is managed by TrueShares.