Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Sees Significant Drop in Short Interest

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 200 shares, a decline of 93.8% from the November 30th total of 3,200 shares. Based on an average trading volume of 13,100 shares, the short-interest ratio is presently 0.0 days.

Global X Renewable Energy Producers ETF Stock Performance

Shares of Global X Renewable Energy Producers ETF stock traded down $0.02 on Thursday, hitting $8.82. The company had a trading volume of 5,045 shares, compared to its average volume of 11,701. The stock has a market capitalization of $30.78 million, a price-to-earnings ratio of 17.81 and a beta of 0.78. Global X Renewable Energy Producers ETF has a 1 year low of $8.61 and a 1 year high of $11.47. The stock has a 50 day moving average of $9.32 and a 200-day moving average of $9.99.

Hedge Funds Weigh In On Global X Renewable Energy Producers ETF

An institutional investor recently raised its position in Global X Renewable Energy Producers ETF stock. Tempus Wealth Planning LLC lifted its stake in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,103 shares of the company’s stock after acquiring an additional 1,751 shares during the period. Tempus Wealth Planning LLC owned approximately 1.24% of Global X Renewable Energy Producers ETF worth $458,000 at the end of the most recent reporting period.

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.