Global X MSCI Argentina ETF (NYSEARCA:ARGT) Short Interest Down 22.5% in March

Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 495,911 shares, a decrease of 22.5% from the February 26th total of 639,717 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 202,629 shares, the short-interest ratio is currently 2.4 days.

Global X MSCI Argentina ETF Stock Up 1.9%

ARGT opened at $89.09 on Tuesday. The firm has a market cap of $795.57 million, a PE ratio of 13.65 and a beta of 1.10. The business has a fifty day simple moving average of $91.79 and a 200-day simple moving average of $87.21. Global X MSCI Argentina ETF has a fifty-two week low of $66.49 and a fifty-two week high of $103.97.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

A number of institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its stake in Global X MSCI Argentina ETF by 37.1% during the third quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock valued at $46,000 after buying an additional 180 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Global X MSCI Argentina ETF by 3.8% during the third quarter. Contravisory Investment Management Inc. now owns 5,911 shares of the company’s stock valued at $412,000 after acquiring an additional 214 shares during the period. Legacy Capital Group California Inc. raised its holdings in shares of Global X MSCI Argentina ETF by 3.8% during the third quarter. Legacy Capital Group California Inc. now owns 5,856 shares of the company’s stock valued at $409,000 after acquiring an additional 214 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Global X MSCI Argentina ETF by 7.4% in the 4th quarter. DAVENPORT & Co LLC now owns 4,078 shares of the company’s stock valued at $373,000 after acquiring an additional 280 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Global X MSCI Argentina ETF by 60.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,091 shares of the company’s stock valued at $92,000 after acquiring an additional 412 shares in the last quarter.

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.