Short Interest in Global X MSCI Argentina ETF (NYSEARCA:ARGT) Decreases By 43.7%

Global X MSCI Argentina ETF (NYSEARCA:ARGT) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 388,273 shares, a decrease of 43.7% from the November 30th total of 689,552 shares. Based on an average daily volume of 168,336 shares, the short-interest ratio is currently 2.3 days. Currently, 4.7% of the company’s shares are short sold. Currently, 4.7% of the company’s shares are short sold. Based on an average daily volume of 168,336 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

Several large investors have recently made changes to their positions in ARGT. Geneos Wealth Management Inc. raised its holdings in Global X MSCI Argentina ETF by 37.1% in the third quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock valued at $46,000 after acquiring an additional 180 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of Global X MSCI Argentina ETF by 3.8% in the 3rd quarter. Contravisory Investment Management Inc. now owns 5,911 shares of the company’s stock valued at $412,000 after purchasing an additional 214 shares during the last quarter. Legacy Capital Group California Inc. increased its position in shares of Global X MSCI Argentina ETF by 3.8% in the 3rd quarter. Legacy Capital Group California Inc. now owns 5,856 shares of the company’s stock valued at $409,000 after purchasing an additional 214 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Global X MSCI Argentina ETF by 6.6% in the 2nd quarter. DAVENPORT & Co LLC now owns 3,667 shares of the company’s stock valued at $311,000 after purchasing an additional 228 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Global X MSCI Argentina ETF during the 2nd quarter worth $25,000.

Global X MSCI Argentina ETF Stock Performance

Shares of NYSEARCA ARGT traded up $0.69 during mid-day trading on Friday, reaching $92.87. 44,684 shares of the company’s stock were exchanged, compared to its average volume of 397,378. The company’s 50-day moving average is $89.08 and its 200-day moving average is $82.77. Global X MSCI Argentina ETF has a 52-week low of $66.49 and a 52-week high of $96.58. The firm has a market capitalization of $771.75 million, a price-to-earnings ratio of 13.65 and a beta of 1.10.

About Global X MSCI Argentina ETF

The Global X MSCI Argentina ETF (ARGT) is an exchange-traded fund that is based on the MSCI All Argentina 25\u002F50 index. The fund tracks a narrow index of companies with Argentine economic linkages that are selected and weighted by market cap. ARGT was launched on Mar 2, 2011 and is managed by Global X.