Global X MSCI Argentina ETF (NYSEARCA:ARGT) Reaches New 52-Week Low – What’s Next?

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as $71.43 and last traded at $72.0690, with a volume of 5,529 shares changing hands. The stock had previously closed at $73.71.

Global X MSCI Argentina ETF Stock Down 1.5%

The stock has a 50 day simple moving average of $87.21 and a 200 day simple moving average of $91.31. The company has a market cap of $554.99 million, a price-to-earnings ratio of 11.75 and a beta of 0.99.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

Several hedge funds have recently modified their holdings of ARGT. OceanIQ Capital LLC acquired a new position in Global X MSCI Argentina ETF during the 2nd quarter worth approximately $667,000. Canal Insurance CO purchased a new position in Global X MSCI Argentina ETF in the 3rd quarter worth approximately $1,086,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Global X MSCI Argentina ETF in the 3rd quarter worth approximately $30,068,000. Brookstone Capital Management acquired a new stake in Global X MSCI Argentina ETF in the third quarter valued at approximately $419,000. Finally, Allworth Financial LP acquired a new stake in Global X MSCI Argentina ETF in the third quarter valued at approximately $223,000.

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.