Global X Renewable Energy Producers ETF (NASDAQ:RNRG) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Global X Renewable Energy Producers ETF (NASDAQ:RNRG)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.23 and traded as low as $9.22. Global X Renewable Energy Producers ETF shares last traded at $9.28, with a volume of 11,168 shares traded.

Global X Renewable Energy Producers ETF Stock Up 1.2 %

The company has a market capitalization of $32.39 million, a PE ratio of 17.81 and a beta of 0.78. The company’s 50 day moving average is $9.93 and its two-hundred day moving average is $10.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Renewable Energy Producers ETF stock. Tempus Wealth Planning LLC raised its position in shares of Global X Renewable Energy Producers ETF (NASDAQ:RNRG) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,352 shares of the company’s stock after buying an additional 1,524 shares during the quarter. Tempus Wealth Planning LLC owned about 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.