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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 200 shares, a decline of 33.3% from the October 15th total of 300 shares. Based on an average daily trading volume, of 8,700 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors 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 raised its position in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 552.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 121,219 shares of the company’s stock after purchasing an additional 102,650 shares during the period. Jane Street Group LLC owned about 3.47% of Global X Renewable Energy Producers ETF worth $1,289,000 at the end of the most recent reporting period.

Global X Renewable Energy Producers ETF Stock Performance

RNRG traded up $0.07 on Friday, hitting $9.28. 5,993 shares of the company were exchanged, compared to its average volume of 10,554. 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 market capitalization of $32.39 million, a P/E ratio of 17.81 and a beta of 0.78. The business’s fifty day moving average is $10.12 and its 200 day moving average is $10.25.

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.