Short Interest in Global X MSCI Greece ETF (NYSEARCA:GREK) Decreases By 36.9%

Global X MSCI Greece ETF (NYSEARCA:GREK) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 166,967 shares, a decrease of 36.9% from the June 30th total of 264,445 shares. Currently, 4.5% of the company’s shares are sold short. Based on an average daily volume of 121,518 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of Global X MSCI Greece ETF

Several hedge funds and other institutional investors have recently bought and sold shares of GREK. Contravisory Investment Management Inc. raised its stake in Global X MSCI Greece ETF by 2.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 8,872 shares of the exchange traded fund’s stock valued at $670,000 after acquiring an additional 231 shares in the last quarter. IFP Advisors Inc increased its position in shares of Global X MSCI Greece ETF by 18.8% in the fourth quarter. IFP Advisors Inc now owns 1,467 shares of the exchange traded fund’s stock worth $97,000 after acquiring an additional 232 shares in the last quarter. Arlington Capital Management Inc. boosted its position in shares of Global X MSCI Greece ETF by 0.6% in the third quarter. Arlington Capital Management Inc. now owns 78,477 shares of the exchange traded fund’s stock worth $5,054,000 after buying an additional 454 shares during the period. Group One Trading LLC purchased a new stake in shares of Global X MSCI Greece ETF in the fourth quarter worth approximately $31,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Global X MSCI Greece ETF during the 1st quarter valued at $35,000.

Global X MSCI Greece ETF Stock Performance

Shares of NYSEARCA:GREK traded down $0.50 during mid-day trading on Friday, hitting $80.21. 110,012 shares of the company traded hands, compared to its average volume of 118,730. The firm has a market cap of $299.99 million, a P/E ratio of 10.65 and a beta of 0.70. Global X MSCI Greece ETF has a 52-week low of $60.00 and a 52-week high of $80.92. The firm’s 50 day simple moving average is $75.84 and its 200 day simple moving average is $71.81.

Global X MSCI Greece ETF Company Profile

The Global X MSCI Greece ETF (GREK) is an exchange-traded fund that is based on the MSCI All Greece Select 25-50 index, a market-cap-weighted index of about 15 Greek firms. GREK was launched on Dec 7, 2011 and is managed by Global X.