Global X Guru Index ETF (NYSEARCA:GURU) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Global X Guru Index ETF (NYSEARCA:GURU)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $65.57 and traded as low as $64.81. Global X Guru Index ETF shares last traded at $65.27, with a volume of 2,468 shares trading hands.

Global X Guru Index ETF Trading Down 0.5%

The firm has a fifty day moving average price of $67.26 and a 200 day moving average price of $65.57. The firm has a market cap of $57.44 million, a PE ratio of 21.69 and a beta of 1.02.

Institutional Investors Weigh In On Global X Guru Index ETF

A number of hedge funds have recently modified their holdings of GURU. Private Advisor Group LLC acquired a new stake in Global X Guru Index ETF during the third quarter worth about $484,000. Banco Santander S.A. purchased a new position in Global X Guru Index ETF during the third quarter worth about $325,000. Finally, Citadel Advisors LLC boosted its holdings in Global X Guru Index ETF by 54.3% in the 2nd quarter. Citadel Advisors LLC now owns 7,326 shares of the company’s stock valued at $513,000 after purchasing an additional 2,579 shares during the last quarter.

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.