Global X MSCI Argentina ETF (NYSEARCA:ARGT) Short Interest Up 14.9% in April

Global X MSCI Argentina ETF (NYSEARCA:ARGT) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 713,767 shares, a growth of 14.9% from the March 31st total of 621,249 shares. Based on an average daily volume of 354,255 shares, the days-to-cover ratio is currently 2.0 days. Currently, 7.2% of the shares of the stock are short sold.

Global X MSCI Argentina ETF Trading Up 0.7%

Shares of ARGT stock opened at $91.11 on Friday. The firm has a 50-day moving average price of $90.70 and a 200 day moving average price of $90.48. Global X MSCI Argentina ETF has a twelve month low of $66.49 and a twelve month high of $103.97. The company has a market capitalization of $916.57 million, a price-to-earnings ratio of 13.65 and a beta of 1.06.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ARGT. Royal Bank of Canada raised its stake in Global X MSCI Argentina ETF by 331.9% in the 1st quarter. Royal Bank of Canada now owns 15,220 shares of the company’s stock valued at $1,229,000 after purchasing an additional 11,696 shares during the last quarter. Jane Street Group LLC acquired a new position in Global X MSCI Argentina ETF in the 1st quarter valued at about $4,131,000. JPMorgan Chase & Co. raised its stake in Global X MSCI Argentina ETF by 40.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 55,419 shares of the company’s stock valued at $4,696,000 after purchasing an additional 15,832 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Global X MSCI Argentina ETF by 95.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 63,461 shares of the company’s stock valued at $5,377,000 after purchasing an additional 30,941 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Global X MSCI Argentina ETF by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,723 shares of the company’s stock valued at $3,450,000 after purchasing an additional 690 shares during the last quarter.

Global X MSCI Argentina ETF Company Profile

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.