Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Large Volume Increase – Here’s Why

Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw an uptick in trading volume on Monday . 158,269 shares traded hands during trading, a decline of 18% from the previous session’s volume of 193,892 shares.The stock last traded at $98.9010 and had previously closed at $97.60.

Global X MSCI Argentina ETF Trading Down 0.8%

The company’s 50 day simple moving average is $92.29 and its 200-day simple moving average is $84.28. The firm has a market cap of $843.10 million, a P/E ratio of 13.65 and a beta of 1.10.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Revisor Wealth Management LLC purchased a new stake in Global X MSCI Argentina ETF during the 4th quarter valued at $250,000. RFG Holdings Inc. grew its holdings in shares of Global X MSCI Argentina ETF by 2.5% in the fourth quarter. RFG Holdings Inc. now owns 31,330 shares of the company’s stock worth $2,864,000 after acquiring an additional 753 shares during the period. Capital Advisors Ltd. LLC increased its position in Global X MSCI Argentina ETF by 6,938.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 40,965 shares of the company’s stock valued at $3,745,000 after acquiring an additional 40,383 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new stake in Global X MSCI Argentina ETF during the fourth quarter valued at $205,000. Finally, DAVENPORT & Co LLC boosted its position in Global X MSCI Argentina ETF by 7.4% in the fourth quarter. DAVENPORT & Co LLC now owns 4,078 shares of the company’s stock worth $373,000 after purchasing an additional 280 shares during 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.