Global X MSCI Greece ETF (NYSEARCA:GREK) Sees Significant Decrease in Short Interest

Global X MSCI Greece ETF (NYSEARCA:GREK) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 166,967 shares, a drop of 36.9% from the June 30th total of 264,445 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average trading volume of 121,518 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GREK. UBS Group AG boosted its holdings in shares of Global X MSCI Greece ETF by 1,244.1% during the third quarter. UBS Group AG now owns 153,480 shares of the exchange traded fund’s stock worth $9,884,000 after acquiring an additional 142,061 shares during the period. Arlington Capital Management Inc. lifted its holdings in Global X MSCI Greece ETF by 0.6% during the 3rd quarter. Arlington Capital Management Inc. now owns 78,477 shares of the exchange traded fund’s stock worth $5,054,000 after purchasing an additional 454 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Global X MSCI Greece ETF by 1.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 59,968 shares of the exchange traded fund’s stock worth $3,853,000 after purchasing an additional 1,093 shares during the last quarter. LPL Financial LLC lifted its holdings in Global X MSCI Greece ETF by 361.4% during the 4th quarter. LPL Financial LLC now owns 45,418 shares of the exchange traded fund’s stock worth $2,993,000 after purchasing an additional 35,575 shares during the last quarter. Finally, BCV Asset Management Inc. bought a new stake in Global X MSCI Greece ETF in the 4th quarter valued at $2,856,000.

Global X MSCI Greece ETF Trading Down 0.6%

Shares of NYSEARCA GREK traded down $0.50 during midday trading on Friday, reaching $80.21. The company’s stock had a trading volume of 110,012 shares, compared to its average volume of 118,730. The stock has a 50 day simple moving average of $75.64 and a 200-day simple moving average of $71.75. The stock has a market capitalization of $299.99 million, a price-to-earnings ratio of 10.65 and a beta of 0.70. Global X MSCI Greece ETF has a fifty-two week low of $60.00 and a fifty-two week high of $80.92.

Global X MSCI Greece ETF Company Profile

The Global X MSCI Greece ETF (GREK) is an exchange-traded fund that is based on the MSCI All Greece Select 25-50 index, a market-cap-weighted index of about 15 Greek firms. GREK was launched on Dec 7, 2011 and is managed by Global X.