Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Trading 0.8% Higher – Should You Buy?

Shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG) rose 0.8% during trading on Friday . The stock traded as high as $9.36 and last traded at $9.28. Approximately 5,992 shares changed hands during trading, a decline of 43% from the average daily volume of 10,554 shares. The stock had previously closed at $9.21.

Global X Renewable Energy Producers ETF Price Performance

The firm has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $10.26. The company has a market cap of $32.39 million, a price-to-earnings ratio of 17.81 and a beta of 0.78.

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 raised its stake in shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,352 shares of the company’s stock after purchasing an additional 1,524 shares during the period. Tempus Wealth Planning LLC owned 1.12% of Global X Renewable Energy Producers ETF worth $411,000 as of its most recent SEC filing.

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.