Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Sees Large Decline in Short Interest

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,300 shares, a drop of 86.6% from the February 29th total of 9,700 shares. Based on an average trading volume of 15,100 shares, the days-to-cover ratio is presently 0.1 days.

Global X Renewable Energy Producers ETF Price Performance

RNRG traded up $0.01 during trading on Thursday, hitting $9.85. 17,027 shares of the stock traded hands, compared to its average volume of 14,174. Global X Renewable Energy Producers ETF has a 12-month low of $9.12 and a 12-month high of $12.64. The firm has a market capitalization of $39.89 million, a P/E ratio of 26.14 and a beta of 0.78. The firm has a 50-day moving average of $9.92 and a 200 day moving average of $10.16.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its stake in shares of Global X Renewable Energy Producers ETF by 234.2% in the 1st quarter. Jane Street Group LLC now owns 175,849 shares of the company’s stock worth $2,828,000 after buying an additional 123,229 shares during the last quarter. Pathstone Family Office LLC purchased a new position in shares of Global X Renewable Energy Producers ETF in the 3rd quarter worth about $984,000. CreativeOne Wealth LLC bought a new position in Global X Renewable Energy Producers ETF in the 3rd quarter worth about $681,000. Flow Traders U.S. LLC purchased a new stake in Global X Renewable Energy Producers ETF during the 1st quarter valued at about $638,000. Finally, Tempus Wealth Planning LLC bought a new stake in Global X Renewable Energy Producers ETF during the 3rd quarter valued at about $339,000.

About Global X Renewable Energy Producers ETF

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.