Global X Guru Index ETF (NYSEARCA:GURU) Short Interest Down 40.7% in July

Global X Guru Index ETF (NYSEARCA:GURU) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 385 shares, a decrease of 40.7% from the July 15th total of 649 shares. Based on an average daily volume of 1,167 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Global X Guru Index ETF Trading Up 0.8%

NYSEARCA GURU traded up $0.53 during mid-day trading on Wednesday, hitting $70.46. The company’s stock had a trading volume of 798 shares, compared to its average volume of 1,568. The firm has a market capitalization of $64.12 million, a price-to-earnings ratio of 21.69 and a beta of 1.00. The company’s 50 day simple moving average is $68.52 and its 200 day simple moving average is $64.74. Global X Guru Index ETF has a twelve month low of $55.80 and a twelve month high of $71.08.

Institutional Trading of Global X Guru Index ETF

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Global X Guru Index ETF by 4.3% in the fourth quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock valued at $1,089,000 after purchasing an additional 715 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Global X Guru Index ETF by 45.1% during the third quarter. Raymond James Financial Inc. now owns 4,905 shares of the company’s stock worth $292,000 after purchasing an additional 1,524 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Global X Guru Index ETF in the 1st quarter worth about $51,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Global X Guru Index ETF in the 3rd quarter worth about $37,000.

About Global X Guru Index ETF

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.