Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Short Interest Down 14.3% in June

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 4,800 shares, a drop of 14.3% from the June 15th total of 5,600 shares. Based on an average daily trading volume, of 10,700 shares, the short-interest ratio is presently 0.4 days.

Global X Renewable Energy Producers ETF Stock Performance

Shares of RNRG opened at $10.32 on Tuesday. The firm has a market capitalization of $38.18 million, a price-to-earnings ratio of 17.81 and a beta of 0.78. The business’s fifty day moving average price is $10.37 and its two-hundred day moving average price is $10.13. Global X Renewable Energy Producers ETF has a 52 week low of $9.12 and a 52 week high of $12.39.

Global X Renewable Energy Producers ETF Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 27th were given a $0.0666 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RNRG. Simplicity Wealth LLC bought a new position in Global X Renewable Energy Producers ETF in the 1st quarter valued at $119,000. Abundance Wealth Counselors bought a new position in shares of Global X Renewable Energy Producers ETF in the 4th quarter worth $146,000. Gerber LLC bought a new position in shares of Global X Renewable Energy Producers ETF in the 4th quarter worth $147,000. Tempus Wealth Planning LLC boosted its position in shares of Global X Renewable Energy Producers ETF by 10.2% in the 1st quarter. Tempus Wealth Planning LLC now owns 39,828 shares of the company’s stock worth $392,000 after purchasing an additional 3,689 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its position in shares of Global X Renewable Energy Producers ETF by 24.7% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 63,880 shares of the company’s stock worth $721,000 after purchasing an additional 12,639 shares during the last quarter.

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.