Global X Aging Population ETF (NASDAQ:AGNG) Sees Large Drop in Short Interest

Global X Aging Population ETF (NASDAQ:AGNG) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 8,591 shares, a drop of 77.1% from the June 15th total of 37,505 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,627 shares, the short-interest ratio is presently 0.4 days.

Global X Aging Population ETF Stock Performance

AGNG traded down $0.10 during trading on Friday, reaching $36.51. The company had a trading volume of 10,669 shares, compared to its average volume of 19,045. The firm’s 50-day simple moving average is $35.39 and its 200 day simple moving average is $36.15. The company has a market cap of $85.80 million, a price-to-earnings ratio of 24.67 and a beta of 0.61. Global X Aging Population ETF has a 12-month low of $31.71 and a 12-month high of $39.48.

Global X Aging Population ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued a dividend of $0.1556 per share. The ex-dividend date was Monday, June 29th.

Institutional Investors Weigh In On Global X Aging Population ETF

Institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new stake in shares of Global X Aging Population ETF during the 1st quarter valued at about $71,000. Sweeney & Michel LLC acquired a new position in Global X Aging Population ETF in the first quarter worth approximately $212,000. Northbridge Financial Group LLC bought a new position in Global X Aging Population ETF during the fourth quarter valued at approximately $218,000. The Manufacturers Life Insurance Company bought a new position in Global X Aging Population ETF during the fourth quarter valued at approximately $249,000. Finally, Stratos Wealth Partners LTD. lifted its stake in Global X Aging Population ETF by 4.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 7,875 shares of the company’s stock valued at $283,000 after acquiring an additional 340 shares during the last quarter.

Global X Aging Population ETF Company Profile

The Global X Aging Population ETF (AGNG) is an exchange-traded fund that is based on the Indxx Aging Population Thematic index, a market-cap-weighted index of companies from developed markets, whose revenue or main business purpose is tied to enhancing and elongating the lives of senior citizens. AGNG was launched on May 9, 2016 and is managed by Global X.