Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw strong trading volume on Thursday . Approximately 159,488 shares were traded during trading, a decline of 37% from the previous session’s volume of 253,492 shares.The stock last traded at $89.70 and had previously closed at $90.73.

Global X MSCI Argentina ETF Trading Down 0.0%

The business’s fifty day moving average is $93.12 and its 200 day moving average is $92.39. The firm has a market capitalization of $889.77 million, a P/E ratio of 13.65 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted 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 acquiring an additional 413,659 shares during the last quarter. UBS Group AG lifted its holdings in shares of Global X MSCI Argentina ETF by 1,810.3% during the third quarter. UBS Group AG now owns 135,519 shares of the company’s stock valued at $9,454,000 after purchasing an additional 128,425 shares during the last quarter. Varma Mutual Pension Insurance Co acquired a new position in shares of Global X MSCI Argentina ETF in the 4th quarter valued at $5,905,000. Jane Street Group LLC acquired a new position in shares of Global X MSCI Argentina ETF in the 1st quarter valued at $4,131,000. Finally, Capital Advisors Ltd. LLC increased its stake in Global X MSCI Argentina ETF by 6,938.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 40,965 shares of the company’s stock worth $3,745,000 after purchasing an additional 40,383 shares in 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.