Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Large Growth in Short Interest

Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 388,616 shares, an increase of 28.9% from the January 15th total of 301,570 shares. Based on an average daily volume of 345,567 shares, the short-interest ratio is presently 1.1 days. Currently, 4.4% of the shares of the stock are short sold. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily volume of 345,567 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Global X MSCI Argentina ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its holdings in Global X MSCI Argentina ETF by 245.5% during the 4th quarter. Morgan Stanley now owns 582,126 shares of the company’s stock worth $53,212,000 after acquiring an additional 413,659 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Global X MSCI Argentina ETF by 1,074.1% during the second quarter. Marshall Wace LLP now owns 230,361 shares of the company’s stock worth $19,518,000 after purchasing an additional 210,741 shares during the period. Breakout Capital Partners LP bought a new stake in shares of Global X MSCI Argentina ETF in the second quarter worth $16,336,000. UBS Group AG increased its holdings in Global X MSCI Argentina ETF by 1,810.3% in the third quarter. UBS Group AG now owns 135,519 shares of the company’s stock valued at $9,454,000 after purchasing an additional 128,425 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in Global X MSCI Argentina ETF during the 2nd quarter worth $5,920,000.

Global X MSCI Argentina ETF Stock Up 1.2%

Shares of NYSEARCA ARGT traded up $1.10 during midday trading on Monday, reaching $92.39. 160,590 shares of the company were exchanged, compared to its average volume of 251,553. The stock’s 50-day moving average price is $93.48 and its 200-day moving average price is $85.46. The stock has a market cap of $825.04 million, a P/E ratio of 13.65 and a beta of 1.10. Global X MSCI Argentina ETF has a one year low of $66.49 and a one year high of $103.97.

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.