Short Interest in Global X Guru Index ETF (NYSEARCA:GURU) Declines By 86.9%

Global X Guru Index ETF (NYSEARCA:GURU) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 296 shares, a drop of 86.9% from the April 15th total of 2,262 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,391 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Global X Guru Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its position in Global X Guru Index ETF by 4.3% during the fourth quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock valued at $1,089,000 after purchasing an additional 715 shares in the last quarter. IFP Advisors Inc lifted its position in Global X Guru Index ETF by 2.2% during the third quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock valued at $840,000 after purchasing an additional 309 shares in the last quarter. Raymond James Financial Inc. lifted its position in Global X Guru Index ETF by 45.1% during the third quarter. Raymond James Financial Inc. now owns 4,905 shares of the company’s stock valued at $292,000 after purchasing an additional 1,524 shares in the last quarter. Fulcrum Equity Management purchased a new stake in Global X Guru Index ETF in the 4th quarter worth approximately $258,000. Finally, Jones Financial Companies Lllp purchased a new stake in Global X Guru Index ETF in the 1st quarter worth approximately $51,000.

Global X Guru Index ETF Trading Up 0.8%

GURU stock traded up $0.50 during midday trading on Thursday, reaching $65.51. 2,450 shares of the company’s stock traded hands, compared to its average volume of 1,703. Global X Guru Index ETF has a 52-week low of $50.31 and a 52-week high of $67.73. The stock has a market cap of $59.61 million, a P/E ratio of 21.69 and a beta of 1.00. The stock’s 50-day moving average is $61.98 and its 200 day moving average is $62.11.

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.