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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 300 shares, a drop of 70.0% from the September 30th total of 1,000 shares. Based on an average trading volume of 7,900 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Renewable Energy Producers ETF stock. Mirae Asset Global Investments Co. Ltd. raised its position in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 20.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 388,324 shares of the company’s stock after purchasing an additional 65,257 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 9.78% of Global X Renewable Energy Producers ETF worth $3,825,000 at the end of the most recent quarter.

Global X Renewable Energy Producers ETF Trading Down 0.3 %

Shares of RNRG traded down $0.03 during mid-day trading on Friday, reaching $9.91. The company had a trading volume of 3,746 shares, compared to its average volume of 10,614. Global X Renewable Energy Producers ETF has a fifty-two week low of $9.13 and a fifty-two week high of $11.47. The firm has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $10.26. The stock has a market cap of $34.59 million, a price-to-earnings ratio of 17.81 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.