Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Crosses Above 50 Day Moving Average – Here’s Why

Global X MSCI Argentina ETF (NYSEARCA:ARGT) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $94.01 and traded as high as $96.15. Global X MSCI Argentina ETF shares last traded at $96.15, with a volume of 248,874 shares.

Global X MSCI Argentina ETF Price Performance

The firm has a market cap of $857.30 million, a price-to-earnings ratio of 13.65 and a beta of 0.97. The firm’s fifty day moving average is $94.10 and its 200-day moving average is $92.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ARGT. Morgan Stanley boosted its position in shares of Global X MSCI Argentina ETF by 245.5% during the 4th quarter. Morgan Stanley now owns 582,126 shares of the company’s stock valued at $53,212,000 after purchasing an additional 413,659 shares in the last quarter. UBS Group AG lifted its stake in Global X MSCI Argentina ETF by 1,810.3% in the third quarter. UBS Group AG now owns 135,519 shares of the company’s stock valued at $9,454,000 after buying an additional 128,425 shares during the period. Varma Mutual Pension Insurance Co acquired a new position in Global X MSCI Argentina ETF in the fourth quarter valued at approximately $5,905,000. Jane Street Group LLC bought a new position in shares of Global X MSCI Argentina ETF during the 1st quarter worth approximately $4,131,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Global X MSCI Argentina ETF by 6,938.7% during the 4th quarter. Capital Advisors Ltd. LLC now owns 40,965 shares of the company’s stock worth $3,745,000 after buying an additional 40,383 shares in the last quarter.

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.