Global X Thematic Growth ETF (NASDAQ:GXTG) Shares Down 2% – Here’s What Happened

Global X Thematic Growth ETF (NASDAQ:GXTG) fell 2% during mid-day trading on Tuesday . The company traded as low as $27.23 and last traded at $27.6515. 4,221 shares traded hands during trading, an increase of 5% from the average session volume of 4,021 shares. The stock had previously closed at $28.2215.

Global X Thematic Growth ETF Price Performance

The stock’s fifty day moving average is $25.07 and its 200-day moving average is $24.97. The stock has a market capitalization of $13.17 million, a PE ratio of 26.08 and a beta of 1.23.

Hedge Funds Weigh In On Global X Thematic Growth ETF

A hedge fund recently raised its stake in Global X Thematic Growth ETF stock. Osaic Holdings Inc. raised its stake in shares of Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,375 shares of the company’s stock after purchasing an additional 1,136 shares during the period. Osaic Holdings Inc. owned 0.93% of Global X Thematic Growth ETF worth $99,000 at the end of the most recent quarter.

About Global X Thematic Growth ETF

The Global X Thematic Growth ETF (GXTG) is an exchange-traded fund that is based on the Solactive Thematic Growth index. The fund is a passively managed fund-of-funds providing global equity exposure todisruptive-growth trends. Selectionisbased ona quantitativemethodologyemphasizingrealized sales growth. GXTG was launched on Oct 25, 2019 and is managed by Global X.