Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Short Interest Update

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 132,300 shares, a growth of 13,130.0% from the February 28th total of 1,000 shares. Based on an average trading volume of 19,100 shares, the days-to-cover ratio is presently 6.9 days. Currently, 4.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in 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 buying an additional 1,749 shares during the last quarter. Tempus Wealth Planning LLC lifted its stake in shares of Global X Renewable Energy Producers ETF by 20.6% during the fourth quarter. Tempus Wealth Planning LLC now owns 51,966 shares of the company’s stock valued at $451,000 after acquiring an additional 8,863 shares during the period. Natural Investments LLC acquired a new position in shares of Global X Renewable Energy Producers ETF during the fourth quarter valued at $960,000. Jane Street Group LLC boosted its holdings in Global X Renewable Energy Producers ETF by 552.8% in the third quarter. Jane Street Group LLC now owns 121,219 shares of the company’s stock valued at $1,289,000 after acquiring an additional 102,650 shares during the last quarter. Finally, Focus Partners Wealth increased 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 worth $1,540,000 after purchasing an additional 75,599 shares during the period.

Global X Renewable Energy Producers ETF Trading Up 0.5 %

Shares of NASDAQ RNRG opened at $8.49 on Friday. Global X Renewable Energy Producers ETF has a 1-year low of $8.23 and a 1-year high of $10.95. The company has a 50-day moving average of $8.53 and a two-hundred day moving average of $9.20. The company has a market cap of $27.85 million, a PE ratio of 15.85 and a beta of 0.78.

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.