Short Interest in Global X Guru Index ETF (NYSEARCA:GURU) Drops By 57.4%

Global X Guru Index ETF (NYSEARCA:GURU) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 380 shares, a drop of 57.4% from the May 31st total of 891 shares. Based on an average trading volume of 1,499 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Global X Guru Index ETF Stock Performance

Shares of Global X Guru Index ETF stock traded up $0.48 on Monday, reaching $69.23. The company had a trading volume of 1,651 shares, compared to its average volume of 1,563. The firm’s 50 day moving average price is $66.10 and its two-hundred day moving average price is $63.20. The firm has a market cap of $63.00 million, a PE ratio of 21.69 and a beta of 1.00. Global X Guru Index ETF has a 52-week low of $53.24 and a 52-week high of $69.39.

Hedge Funds Weigh In On Global X Guru Index ETF

Hedge funds have recently bought and sold shares of the company. Fulcrum Equity Management purchased a new stake in shares of Global X Guru Index ETF during the 4th quarter worth $258,000. IFP Advisors Inc increased its holdings in Global X Guru Index ETF by 2.2% in the third quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock valued at $840,000 after buying an additional 309 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Global X Guru Index ETF in the 1st quarter valued at about $51,000. Raymond James Financial Inc. purchased a new position in shares of Global X Guru Index ETF in the 2nd quarter valued at about $181,000. Finally, LPL Financial LLC raised its position in shares of Global X Guru Index ETF by 4.3% during the 4th quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock worth $1,089,000 after acquiring an additional 715 shares in the last quarter.

Global X Guru Index ETF Company Profile

The Global X Guru Index ETF (GURU) is an exchange-traded fund that is based on the Solactive Guru index. The fund tracks an equal-weighted index that attempts to mimic concentrated equity positions taken by large hedge funds, as reported in public filings. GURU was launched on Jun 4, 2012 and is managed by Global X.