Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Unusually-High Trading Volume – Should You Buy?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw unusually-high trading volume on Thursday . 159,488 shares changed hands during mid-day trading, a decline of 37% from the previous session’s volume of 253,492 shares.The stock last traded at $89.70 and had previously closed at $90.73.

Global X MSCI Argentina ETF Trading Down 0.0%

The stock has a market cap of $889.77 million, a price-to-earnings ratio of 13.65 and a beta of 0.96. The firm’s 50 day moving average is $93.12 and its two-hundred day moving average is $92.39.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

A number of institutional investors have recently modified their holdings of ARGT. Royal Bank of Canada grew its stake in Global X MSCI Argentina ETF by 14.6% in the 1st quarter. Royal Bank of Canada now owns 14,115 shares of the company’s stock worth $1,318,000 after acquiring an additional 1,795 shares during the period. Cetera Investment Advisers lifted its stake in shares of Global X MSCI Argentina ETF by 1.6% during the 1st quarter. Cetera Investment Advisers now owns 8,817 shares of the company’s stock worth $823,000 after purchasing an additional 135 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Global X MSCI Argentina ETF during the first quarter worth $65,000. Canal Insurance CO acquired a new stake in shares of Global X MSCI Argentina ETF during the first quarter worth $240,000. Finally, Revisor Wealth Management LLC grew its position in shares of Global X MSCI Argentina ETF by 167.9% in the first quarter. Revisor Wealth Management LLC now owns 6,893 shares of the company’s stock valued at $643,000 after purchasing an additional 4,320 shares during the period.

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.