Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $90.48 and traded as low as $87.50. Global X MSCI Argentina ETF shares last traded at $88.27, with a volume of 408,451 shares changing hands.

Global X MSCI Argentina ETF Stock Down 2.9%

The company has a market capitalization of $852.19 million, a PE ratio of 13.65 and a beta of 0.96. The stock has a 50-day moving average of $90.52 and a 200 day moving average of $91.73.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its holdings 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 purchasing an additional 40,383 shares during the period. Foundations Investment Advisors LLC bought a new position in Global X MSCI Argentina ETF during the third quarter valued at $669,000. Varma Mutual Pension Insurance Co bought a new position in Global X MSCI Argentina ETF during the fourth quarter valued at $5,905,000. Parametrica Management Ltd grew its holdings in Global X MSCI Argentina ETF by 148.1% during the third quarter. Parametrica Management Ltd now owns 13,400 shares of the company’s stock valued at $935,000 after purchasing an additional 8,000 shares during the period. Finally, City of London Investment Management Co. Ltd. grew its holdings in Global X MSCI Argentina ETF by 20.6% during the third quarter. City of London Investment Management Co. Ltd. now owns 41,500 shares of the company’s stock valued at $2,895,000 after purchasing an additional 7,100 shares during the period.

About Global X MSCI Argentina ETF

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.