Global X Guru Index ETF (NYSEARCA:GURU) Shares Down 0.4% – Here’s Why

Global X Guru Index ETF (NYSEARCA:GURU)’s share price traded down 0.4% during mid-day trading on Monday . The stock traded as low as $41.57 and last traded at $43.74. 3,998 shares traded hands during trading, an increase of 152% from the average session volume of 1,584 shares. The stock had previously closed at $43.92.

Global X Guru Index ETF Price Performance

The business’s 50 day simple moving average is $50.68 and its 200 day simple moving average is $50.47. The company has a market capitalization of $39.80 million, a price-to-earnings ratio of 18.74 and a beta of 1.05.

Institutional Trading of Global X Guru Index ETF

An institutional investor recently raised its position in Global X Guru Index ETF stock. JPMorgan Chase & Co. raised its position in Global X Guru Index ETF (NYSEARCA:GURU) by 14,285.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,007 shares of the company’s stock after acquiring an additional 1,000 shares during the period. JPMorgan Chase & Co. owned approximately 0.10% of Global X Guru Index ETF worth $48,000 at the end of the most recent reporting period.

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.