Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading 1.7% Higher

Global X Renewable Energy Producers ETF (NASDAQ:RNRG)’s stock price rose 1.7% during trading on Wednesday . The company traded as high as $10.25 and last traded at $10.24. Approximately 8,129 shares changed hands during trading, a decline of 63% from the average daily volume of 21,801 shares. The stock had previously closed at $10.07.

Global X Renewable Energy Producers ETF Price Performance

The firm has a 50-day moving average price of $9.89 and a 200 day moving average price of $11.14. The firm has a market capitalization of $48.14 million, a PE ratio of 26.14 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Citigroup Inc. purchased a new stake in shares of Global X Renewable Energy Producers ETF during the first quarter worth $26,000. UBS Group AG increased its holdings in Global X Renewable Energy Producers ETF by 284.0% during the 4th quarter. UBS Group AG now owns 5,503 shares of the company’s stock worth $72,000 after purchasing an additional 4,070 shares during the period. GeoWealth Management LLC raised its position in Global X Renewable Energy Producers ETF by 34.6% in the 1st quarter. GeoWealth Management LLC now owns 8,858 shares of the company’s stock valued at $110,000 after purchasing an additional 2,278 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Global X Renewable Energy Producers ETF in the 2nd quarter valued at about $144,000. Finally, Simplicity Solutions LLC acquired a new position in Global X Renewable Energy Producers ETF during the 1st quarter worth approximately $149,000.

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.