Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Shares Up 0% – Still a Buy?

Global X Renewable Energy Producers ETF (NASDAQ:RNRG) shares were up 0% during trading on Tuesday . The stock traded as high as $38.01 and last traded at $37.75. Approximately 2,191 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 5,824 shares. The stock had previously closed at $37.74.

Global X Renewable Energy Producers ETF Stock Performance

The firm has a fifty day moving average price of $38.18 and a 200 day moving average price of $36.17. The firm has a market capitalization of $30.58 million, a price-to-earnings ratio of 15.93 and a beta of 0.83.

Institutional Trading of Global X Renewable Energy Producers ETF

Hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC acquired a new stake in shares of Global X Renewable Energy Producers ETF in the 4th quarter valued at approximately $25,000. Raymond James Financial Inc. acquired a new position in Global X Renewable Energy Producers ETF during the second quarter worth $38,000. Jane Street Group LLC acquired a new position in Global X Renewable Energy Producers ETF during the fourth quarter worth $441,000. Natural Investments LLC acquired a new position in Global X Renewable Energy Producers ETF during the fourth quarter worth $1,093,000. Finally, Flow Traders U.S. LLC raised its holdings in Global X Renewable Energy Producers ETF by 188.4% during the third quarter. Flow Traders U.S. LLC now owns 33,037 shares of the company’s stock worth $1,052,000 after purchasing an additional 21,582 shares during the last quarter.

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.