Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading Down 0.8% – Here’s What Happened

Global X Renewable Energy Producers ETF (NASDAQ:RNRG)’s stock price fell 0.8% on Wednesday . The stock traded as low as $35.34 and last traded at $35.34. 3,193 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 6,195 shares. The stock had previously closed at $35.61.

Global X Renewable Energy Producers ETF Stock Down 0.8%

The firm has a market capitalization of $30.75 million, a PE ratio of 15.93 and a beta of 0.84. The stock’s fifty day simple moving average is $37.76 and its 200 day simple moving average is $36.51.

Global X Renewable Energy Producers ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 29th will be issued a $0.2133 dividend. The ex-dividend date of this dividend is Monday, June 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RNRG. Jane Street Group LLC purchased a new position in shares of Global X Renewable Energy Producers ETF during the fourth quarter valued at about $441,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF in the fourth quarter worth about $25,000. Natural Investments LLC purchased a new stake in shares of Global X Renewable Energy Producers ETF in the fourth quarter worth about $1,093,000. Flow Traders U.S. LLC boosted its stake 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 valued at $1,052,000 after buying an additional 21,582 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Global X Renewable Energy Producers ETF during the second quarter valued at approximately $38,000.

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.