Global X Guru Index ETF (NYSEARCA:GURU) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Global X Guru Index ETF (NYSEARCA:GURU) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $65.57 and traded as low as $64.81. Global X Guru Index ETF shares last traded at $65.27, with a volume of 2,468 shares traded.

Global X Guru Index ETF Trading Down 0.5%

The stock has a market capitalization of $57.44 million, a PE ratio of 21.69 and a beta of 1.02. The firm’s fifty day moving average price is $67.26 and its two-hundred day moving average price is $65.57.

Institutional Trading of Global X Guru Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GURU. Citadel Advisors LLC raised its position in shares of Global X Guru Index ETF by 54.3% in the second quarter. Citadel Advisors LLC now owns 7,326 shares of the company’s stock worth $513,000 after acquiring an additional 2,579 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Global X Guru Index ETF during the 3rd quarter worth about $484,000. Finally, Banco Santander S.A. acquired a new stake in shares of Global X Guru Index ETF during the 3rd quarter valued at about $325,000.

About Global X Guru Index ETF

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.