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

Posted by Latisha Jones on Nov 27th, 2024

Global X Renewable Energy Producers ETF (NASDAQ:RNRG – Get Free Report) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,600 shares, an increase of 1,700.0% from the October 31st total of 200 shares. Based on an average daily trading volume, of 8,500 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

A hedge fund recently raised its stake in Global X Renewable Energy Producers ETF stock. Jane Street Group LLC increased its position in shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG – Free Report) by 552.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,219 shares of the company’s stock after purchasing an additional 102,650 shares during the period. Jane Street Group LLC owned 3.47% of Global X Renewable Energy Producers ETF worth $1,289,000 at the end of the most recent quarter.

Global X Renewable Energy Producers ETF Trading Up 1.1 %

Global X Renewable Energy Producers ETF stock traded up $0.10 during midday trading on Wednesday, reaching $9.36. 18,363 shares of the stock traded hands, compared to its average volume of 10,677. Global X Renewable Energy Producers ETF has a fifty-two week low of $9.03 and a fifty-two week high of $11.47. The firm has a market cap of $32.67 million, a price-to-earnings ratio of 17.81 and a beta of 0.78. The firm has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $10.21.

Global X Renewable Energy Producers ETF Company Profile

(Get Free Report)

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.