Global X MSCI Argentina ETF (NYSEARCA:ARGT) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $94.01 and traded as high as $96.15. Global X MSCI Argentina ETF shares last traded at $96.15, with a volume of 248,874 shares traded.

Global X MSCI Argentina ETF Trading Up 3.4%

The firm has a market capitalization of $866.31 million, a price-to-earnings ratio of 13.65 and a beta of 0.97. The stock has a fifty day moving average of $94.01 and a 200-day moving average of $92.67.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

A number of institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in Global X MSCI Argentina ETF by 245.5% during the 4th quarter. Morgan Stanley now owns 582,126 shares of the company’s stock worth $53,212,000 after buying an additional 413,659 shares during the period. UBS Group AG boosted its holdings in shares of Global X MSCI Argentina ETF by 1,810.3% in the third quarter. UBS Group AG now owns 135,519 shares of the company’s stock worth $9,454,000 after buying an additional 128,425 shares during the period. Varma Mutual Pension Insurance Co purchased a new position in shares of Global X MSCI Argentina ETF in the fourth quarter worth approximately $5,905,000. Jane Street Group LLC purchased a new position in shares of Global X MSCI Argentina ETF in the first quarter worth approximately $4,131,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Global X MSCI Argentina ETF by 6,938.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 40,965 shares of the company’s stock valued at $3,745,000 after acquiring an additional 40,383 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.