Global X Guru Index ETF (NYSEARCA:GURU) Short Interest Up 119.7% in August

Global X Guru Index ETF (NYSEARCA:GURU) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 2,313 shares, a growth of 119.7% from the August 15th total of 1,053 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 914 shares, the short-interest ratio is currently 2.5 days.

Global X Guru Index ETF Stock Down 1.1%

GURU stock opened at $67.69 on Wednesday. The company’s 50-day moving average price is $69.11 and its two-hundred day moving average price is $65.90. The firm has a market cap of $6.77 million, a P/E ratio of 21.69 and a beta of 0.99. Global X Guru Index ETF has a 12 month low of $56.96 and a 12 month high of $71.08.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Global X Guru Index ETF stock. Citadel Advisors LLC raised its position in shares of Global X Guru Index ETF (NYSEARCA:GURU) by 54.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,326 shares of the company’s stock after purchasing an additional 2,579 shares during the period. Citadel Advisors LLC owned approximately 0.81% of Global X Guru Index ETF worth $513,000 at the end of the most recent reporting period.

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.