Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Short Interest Up 1,933.3% in February

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 6,100 shares, an increase of 1,933.3% from the January 31st total of 300 shares. Based on an average trading volume of 18,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Focus Partners Wealth lifted its position in Global X Renewable Energy Producers ETF by 74.3% in the fourth quarter. Focus Partners Wealth now owns 177,373 shares of the company’s stock valued at $1,540,000 after acquiring an additional 75,599 shares during the last quarter. Envestnet Asset Management Inc. lifted 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 during the last quarter. Natural Investments LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF in the 4th quarter valued at about $960,000. Tempus Wealth Planning LLC boosted its position in shares of Global X Renewable Energy Producers ETF by 20.6% in the 4th quarter. Tempus Wealth Planning LLC now owns 51,966 shares of the company’s stock valued at $451,000 after purchasing an additional 8,863 shares during the period. Finally, Jane Street Group LLC grew its stake in Global X Renewable Energy Producers ETF by 552.8% during the 3rd quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock worth $1,289,000 after buying an additional 102,650 shares during the last quarter.

Global X Renewable Energy Producers ETF Stock Performance

Shares of NASDAQ RNRG opened at $8.45 on Friday. The stock’s 50-day simple moving average is $8.58 and its 200-day simple moving average is $9.46. The firm has a market capitalization of $27.72 million, a PE ratio of 15.25 and a beta of 0.78. Global X Renewable Energy Producers ETF has a fifty-two week low of $8.23 and a fifty-two week high of $10.95.

Global X Renewable Energy Producers ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a dividend of $0.0615 per share. The ex-dividend date of this dividend was Monday, December 30th.

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.