Global X MSCI Argentina ETF (NYSEARCA:ARGT) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $90.48 and traded as low as $87.50. Global X MSCI Argentina ETF shares last traded at $88.27, with a volume of 408,451 shares changing hands.

Global X MSCI Argentina ETF Trading Down 1.7%

The business’s fifty day simple moving average is $90.48 and its two-hundred day simple moving average is $91.66. The stock has a market capitalization of $865.93 million, a P/E ratio of 13.65 and a beta of 0.96.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of hedge funds have recently made changes to their positions in ARGT. Morgan Stanley increased its position in Global X MSCI Argentina ETF by 245.5% in the 4th quarter. Morgan Stanley now owns 582,126 shares of the company’s stock valued at $53,212,000 after acquiring an additional 413,659 shares in the last quarter. UBS Group AG increased its position in Global X MSCI Argentina ETF by 1,810.3% in the 3rd quarter. UBS Group AG now owns 135,519 shares of the company’s stock valued at $9,454,000 after acquiring an additional 128,425 shares in the last quarter. Varma Mutual Pension Insurance Co acquired a new stake in Global X MSCI Argentina ETF in the 4th quarter valued at about $5,905,000. Jane Street Group LLC acquired a new stake in Global X MSCI Argentina ETF in the 1st quarter valued at about $4,131,000. Finally, Capital Advisors Ltd. LLC increased its position in Global X MSCI Argentina ETF by 6,938.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 40,965 shares of the company’s stock valued at $3,745,000 after acquiring an additional 40,383 shares in the last quarter.

Global X MSCI Argentina ETF Company Profile

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.