Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Strong Trading Volume – Should You Buy?

Shares of Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw unusually-strong trading volume on Monday . Approximately 599,915 shares were traded during trading, an increase of 107% from the previous session’s volume of 289,578 shares.The stock last traded at $86.56 and had previously closed at $87.44.

Global X MSCI Argentina ETF Trading Down 1.1%

The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 12.23 and a beta of 1.17. The stock has a fifty day moving average of $85.94 and a two-hundred day moving average of $85.12.

Institutional Trading of Global X MSCI Argentina ETF

Hedge funds have recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich bought a new position in Global X MSCI Argentina ETF in the fourth quarter valued at about $25,000. Private Trust Co. NA acquired a new stake in Global X MSCI Argentina ETF in the first quarter worth $32,000. Capital Advisors Ltd. LLC bought a new position in shares of Global X MSCI Argentina ETF during the fourth quarter worth $48,000. Ridgewood Investments LLC boosted its position in shares of Global X MSCI Argentina ETF by 500.0% during the first quarter. Ridgewood Investments LLC now owns 600 shares of the company’s stock worth $48,000 after purchasing an additional 500 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Global X MSCI Argentina ETF by 181.4% in the 4th quarter. Comerica Bank now owns 788 shares of the company’s stock valued at $65,000 after buying an additional 508 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.