Global X Guru Index ETF (NYSEARCA:GURU) Short Interest Update

Global X Guru Index ETF (NYSEARCA:GURU) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 4,008 shares, a decline of 30.5% from the December 31st total of 5,763 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,805 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily trading volume, of 1,805 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new stake in Global X Guru Index ETF in the 2nd quarter worth approximately $740,000. Fulcrum Equity Management acquired a new stake in shares of Global X Guru Index ETF during the 4th quarter valued at approximately $258,000. Raymond James Financial Inc. acquired a new position in Global X Guru Index ETF during the second quarter worth approximately $181,000. Jones Financial Companies Lllp purchased a new stake in shares of Global X Guru Index ETF during the first quarter worth about $51,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Global X Guru Index ETF during the third quarter valued at $37,000.

Global X Guru Index ETF Trading Down 1.0%

Shares of GURU stock traded down $0.62 on Friday, reaching $61.44. The company had a trading volume of 506 shares, compared to its average volume of 2,365. The company has a 50-day moving average of $62.87 and a 200-day moving average of $60.11. The stock has a market cap of $57.14 million, a PE ratio of 21.69 and a beta of 1.03. Global X Guru Index ETF has a 12 month low of $41.57 and a 12 month high of $64.35.

Global X Guru Index ETF Company Profile

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.