Global X MSCI Argentina ETF (NYSEARCA:ARGT) Shares Pass Above 50 Day Moving Average – Here’s Why

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $93.36 and traded as high as $99.50. Global X MSCI Argentina ETF shares last traded at $96.80, with a volume of 258,751 shares traded.

Global X MSCI Argentina ETF Stock Performance

The firm has a market cap of $857.08 million, a price-to-earnings ratio of 13.65 and a beta of 0.95. The business’s 50 day moving average price is $93.47 and its 200 day moving average price is $92.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings 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 worth $53,212,000 after purchasing an additional 413,659 shares during the period. UBS Group AG grew its holdings in Global X MSCI Argentina ETF by 1,810.3% in the third quarter. UBS Group AG now owns 135,519 shares of the company’s stock valued at $9,454,000 after purchasing an additional 128,425 shares during the period. Jane Street Group LLC purchased a new stake in shares of Global X MSCI Argentina ETF in the first quarter valued at approximately $4,131,000. BNP Paribas Financial Markets increased its position in shares of Global X MSCI Argentina ETF by 1,074.8% in the third quarter. BNP Paribas Financial Markets now owns 37,664 shares of the company’s stock valued at $2,627,000 after buying an additional 34,458 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Global X MSCI Argentina ETF by 95.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 63,461 shares of the company’s stock worth $5,377,000 after buying an additional 30,941 shares during the period.

About Global X MSCI Argentina ETF

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.