Short Interest in Global X MSCI Argentina ETF (NYSEARCA:ARGT) Declines By 43.7%

Global X MSCI Argentina ETF (NYSEARCA:ARGT) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 388,273 shares, a drop of 43.7% from the November 30th total of 689,552 shares. Currently, 4.7% of the shares of the company are short sold. Based on an average daily volume of 168,336 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 168,336 shares, the days-to-cover ratio is presently 2.3 days. Currently, 4.7% of the shares of the company are short sold.

Global X MSCI Argentina ETF Stock Performance

Shares of ARGT traded down $0.49 during mid-day trading on Monday, reaching $92.38. 118,291 shares of the company’s stock traded hands, compared to its average volume of 396,319. The business’s 50-day moving average price is $89.08 and its 200-day moving average price is $82.77. The stock has a market capitalization of $767.68 million, a P/E ratio of 13.65 and a beta of 1.10. Global X MSCI Argentina ETF has a 12 month low of $66.49 and a 12 month high of $96.58.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

Several large investors have recently bought and sold shares of ARGT. Triumph Capital Management acquired a new stake in shares of Global X MSCI Argentina ETF in the 3rd quarter worth approximately $102,000. Tudor Investment Corp ET AL bought a new position in Global X MSCI Argentina ETF during the 3rd quarter valued at $315,000. National Bank of Canada FI increased its position in shares of Global X MSCI Argentina ETF by 864.3% during the 3rd quarter. National Bank of Canada FI now owns 2,025 shares of the company’s stock valued at $141,000 after purchasing an additional 1,815 shares during the period. Millennium Management LLC increased its position in shares of Global X MSCI Argentina ETF by 224.7% during the 3rd quarter. Millennium Management LLC now owns 12,116 shares of the company’s stock valued at $845,000 after purchasing an additional 8,384 shares during the period. Finally, Breakout Capital Partners LP raised its stake in shares of Global X MSCI Argentina ETF by 10.6% in the 3rd quarter. Breakout Capital Partners LP now owns 213,300 shares of the company’s stock worth $14,880,000 after buying an additional 20,500 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.