Global X MSCI Argentina ETF (NYSEARCA:ARGT) Short Interest Update

Global X MSCI Argentina ETF (NYSEARCA:ARGT) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 435,938 shares, a drop of 49.8% from the June 15th total of 867,761 shares. Currently, 4.7% of the shares of the stock are sold short. Based on an average daily volume of 270,001 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Global X MSCI Argentina ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ARGT. Cetera Investment Advisers boosted its position in shares of Global X MSCI Argentina ETF by 1.6% in the first quarter. Cetera Investment Advisers now owns 8,817 shares of the company’s stock worth $823,000 after acquiring an additional 135 shares during the last quarter. DAVENPORT & Co LLC increased its position in Global X MSCI Argentina ETF by 7.4% during the fourth quarter. DAVENPORT & Co LLC now owns 4,078 shares of the company’s stock worth $373,000 after purchasing an additional 280 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Global X MSCI Argentina ETF during the second quarter worth approximately $53,000. Ameriprise Financial Inc. raised its stake in Global X MSCI Argentina ETF by 1.7% during the second quarter. Ameriprise Financial Inc. now owns 40,723 shares of the company’s stock worth $3,450,000 after purchasing an additional 690 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new position in Global X MSCI Argentina ETF during the first quarter worth approximately $65,000.

Global X MSCI Argentina ETF Price Performance

NYSEARCA:ARGT traded down $2.55 on Thursday, reaching $92.80. The stock had a trading volume of 72,387 shares, compared to its average volume of 244,984. Global X MSCI Argentina ETF has a 12-month low of $66.49 and a 12-month high of $103.97. The company has a market cap of $843.55 million, a price-to-earnings ratio of 13.65 and a beta of 0.97. The firm’s fifty day moving average is $93.11 and its two-hundred day moving average is $92.58.

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.