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

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,600 shares, a growth 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. Tempus Wealth Planning LLC boosted its holdings in Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 3.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 41,352 shares of the company’s stock after buying an additional 1,524 shares during the period. Tempus Wealth Planning LLC owned approximately 1.12% of Global X Renewable Energy Producers ETF worth $411,000 at the end of the most recent reporting period.

Global X Renewable Energy Producers ETF Stock Up 1.1 %

Shares of RNRG stock traded up $0.10 during trading hours on Wednesday, hitting $9.36. 18,363 shares of the company were exchanged, compared to its average volume of 10,677. The firm has a fifty day moving average of $9.90 and a 200 day moving average of $10.21. Global X Renewable Energy Producers ETF has a 1 year low of $9.03 and a 1 year high of $11.47. The firm has a market cap of $32.67 million, a PE ratio of 17.81 and a beta of 0.78.

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.