Global X Thematic Growth ETF (NASDAQ:GXTG) Trading 1.5% Higher – Time to Buy?

Shares of Global X Thematic Growth ETF (NASDAQ:GXTG) shot up 1.5% on Friday . The stock traded as high as $23.83 and last traded at $23.7219. 2,438 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 4,021 shares. The stock had previously closed at $23.3633.

Global X Thematic Growth ETF Stock Performance

The company has a 50-day moving average of $24.81 and a 200 day moving average of $25.99. The firm has a market cap of $11.17 million, a P/E ratio of 26.08 and a beta of 1.23.

Institutional Inflows and Outflows

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

Global X Thematic Growth ETF Company Profile

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.