Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Down 0.5% – What’s Next?

Global X Thematic Growth ETF (NASDAQ:GXTG) shares dropped 0.5% during mid-day trading on Thursday . The company traded as low as $25.76 and last traded at $25.7632. Approximately 705 shares traded hands during trading, a decline of 82% from the average daily volume of 4,021 shares. The stock had previously closed at $25.8984.

Global X Thematic Growth ETF Stock Performance

The firm has a 50 day moving average price of $25.12 and a 200-day moving average price of $26.20. The company has a market cap of $11.71 million, a P/E ratio of 26.08 and a beta of 1.23.

Institutional Trading of Global X Thematic Growth ETF

An institutional investor recently bought a new position in Global X Thematic Growth ETF stock. Ameritas Advisory Services LLC bought a new position in shares of Global X Thematic Growth ETF (NASDAQ:GXTG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,708 shares of the company’s stock, valued at approximately $84,000. Ameritas Advisory Services LLC owned about 0.79% of Global X Thematic Growth ETF as of its most recent filing with the Securities & Exchange Commission.

Global X Thematic Growth ETF Company Profile

The Global X Thematic Growth ETF (GXTG) is an exchange-traded fund that is based on the Solactive Thematic Growth index. The fund is a passively managed fund-of-funds providing global equity exposure todisruptive-growth trends. Selectionisbased ona quantitativemethodologyemphasizingrealized sales growth. GXTG was launched on Oct 25, 2019 and is managed by Global X.