Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Passes Below 50 Day Moving Average – Time to Sell?

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $93.11 and traded as low as $86.24. Global X MSCI Argentina ETF shares last traded at $86.67, with a volume of 174,778 shares.

Global X MSCI Argentina ETF Stock Performance

The firm has a market cap of $773.96 million, a P/E ratio of 13.65 and a beta of 1.10. The firm has a fifty day moving average of $93.11 and a 200-day moving average of $86.27.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of hedge funds have recently added to or reduced their stakes in ARGT. Itau Unibanco Holding S.A. bought a new position in shares of Global X MSCI Argentina ETF during the second quarter worth about $1,380,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Global X MSCI Argentina ETF during the 3rd quarter valued at about $670,000. Foundations Investment Advisors LLC acquired a new position in Global X MSCI Argentina ETF during the 3rd quarter valued at about $669,000. Altfest L J & Co. Inc. bought a new position in Global X MSCI Argentina ETF in the 3rd quarter worth about $3,580,000. Finally, Glaxis Capital Management LLC bought a new position in Global X MSCI Argentina ETF in the 2nd quarter worth about $2,542,000.

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.