Global X Guru Index ETF (NYSEARCA:GURU) Shares Break Above Two Hundred Day Moving Average – What’s Next?

Global X Guru Index ETF (NYSEARCA:GURU)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $65.43 and traded as high as $65.81. Global X Guru Index ETF shares last traded at $65.78, with a volume of 5,255 shares.

Global X Guru Index ETF Stock Performance

The business’s fifty day moving average is $68.15 and its 200-day moving average is $65.47. The firm has a market cap of $59.36 million, a P/E ratio of 21.69 and a beta of 1.00.

Hedge Funds Weigh In On Global X Guru Index ETF

An institutional investor recently raised its position in Global X Guru Index ETF stock. Citadel Advisors LLC lifted its holdings in shares of Global X Guru Index ETF (NYSEARCA:GURU) by 54.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,326 shares of the company’s stock after purchasing an additional 2,579 shares during the period. Citadel Advisors LLC owned 0.81% of Global X Guru Index ETF worth $513,000 as of its most recent filing with the SEC.

About Global X Guru Index ETF

The Global X Guru Index ETF (GURU) is an exchange-traded fund that is based on the Solactive Guru index. The fund tracks an equal-weighted index that attempts to mimic concentrated equity positions taken by large hedge funds, as reported in public filings. GURU was launched on Jun 4, 2012 and is managed by Global X.