Global X Guru Index ETF (NYSEARCA:GURU) Short Interest Up 173.5% in August

Global X Guru Index ETF (NYSEARCA:GURU) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,053 shares, a growth of 173.5% from the July 30th total of 385 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 2,975 shares, the short-interest ratio is presently 0.4 days.

Global X Guru Index ETF Stock Performance

Shares of Global X Guru Index ETF stock opened at $70.12 on Friday. Global X Guru Index ETF has a one year low of $56.96 and a one year high of $71.08. The company has a market cap of $63.81 million, a price-to-earnings ratio of 21.69 and a beta of 1.00. The business’s 50 day moving average price is $69.05 and its 200 day moving average price is $65.22.

Institutional Inflows and Outflows

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

Global X Guru Index ETF Company Profile

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.