Global X Guru Index ETF (NYSEARCA:GURU) Sees Large Growth in Short Interest

Global X Guru Index ETF (NYSEARCA:GURU) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 680 shares, an increase of 129.7% from the April 30th total of 296 shares. Based on an average trading volume of 1,457 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Global X Guru Index ETF Stock Up 0.3%

Shares of GURU traded up $0.18 during mid-day trading on Friday, hitting $67.63. 1,317 shares of the company traded hands, compared to its average volume of 1,639. Global X Guru Index ETF has a 1-year low of $51.10 and a 1-year high of $67.73. The company has a market capitalization of $61.54 million, a PE ratio of 21.69 and a beta of 1.00. The business has a 50 day moving average of $63.29 and a 200 day moving average of $62.46.

Hedge Funds Weigh In On Global X Guru Index ETF

Several hedge funds have recently modified their holdings of GURU. Jones Financial Companies Lllp acquired a new position in shares of Global X Guru Index ETF during the first quarter valued at about $51,000. Raymond James Financial Inc. acquired a new position in Global X Guru Index ETF in the 2nd quarter worth approximately $181,000. Northwestern Mutual Wealth Management Co. acquired a new position in Global X Guru Index ETF in the 3rd quarter worth approximately $37,000. IFP Advisors Inc increased its holdings in Global X Guru Index ETF by 2.2% in the 3rd quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock worth $840,000 after buying an additional 309 shares during the period. Finally, Fulcrum Equity Management acquired a new position in Global X Guru Index ETF in the 4th quarter worth approximately $258,000.

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.