Global X Thematic Growth ETF (NASDAQ:GXTG) Trading 1.6% Higher – Here’s Why

Global X Thematic Growth ETF (NASDAQ:GXTG) shot up 1.6% during mid-day trading on Wednesday . The company traded as high as $26.6889 and last traded at $26.6889. Approximately 87 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 4,021 shares. The stock had previously closed at $26.2812.

Global X Thematic Growth ETF Stock Performance

The firm’s fifty day simple moving average is $28.04 and its 200 day simple moving average is $25.50. The firm has a market cap of $12.54 million, a P/E ratio of 26.08 and a beta of 1.23.

Hedge Funds Weigh In On Global X Thematic Growth ETF

A hedge fund recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. grew its position in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,375 shares of the company’s stock after acquiring an additional 1,136 shares during the quarter. Osaic Holdings Inc. owned 0.93% of Global X Thematic Growth ETF worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Global X Thematic Growth ETF

The Global X Thematic Growth ETF (GXTG) is an exchange-traded fund that is based on the Solactive Thematic Growth index. The fund is a passively managed fund-of-funds providing global equity exposure todisruptive-growth trends. Selectionisbased ona quantitativemethodologyemphasizingrealized sales growth. GXTG was launched on Oct 25, 2019 and is managed by Global X.