Global X Guru Index ETF (NYSEARCA:GURU) Sees Significant Decrease in Short Interest

Global X Guru Index ETF (NYSEARCA:GURUGet Free Report) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 380 shares, a decrease of 57.4% from the May 31st total of 891 shares. Based on an average daily trading volume, of 1,499 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fulcrum Equity Management bought a new position in Global X Guru Index ETF in the fourth quarter worth $258,000. Raymond James Financial Inc. purchased a new position in Global X Guru Index ETF during the 2nd quarter valued at about $181,000. Jones Financial Companies Lllp purchased a new position in Global X Guru Index ETF during the 1st quarter valued at about $51,000. LPL Financial LLC boosted its stake 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 worth $1,089,000 after acquiring an additional 715 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Global X Guru Index ETF during the third quarter worth about $37,000.

Global X Guru Index ETF Price Performance

GURU traded up $0.48 on Monday, hitting $69.23. The company had a trading volume of 1,651 shares, compared to its average volume of 1,563. The stock has a fifty day simple moving average of $66.10 and a 200-day simple moving average of $63.20. The firm has a market capitalization of $63.00 million, a P/E ratio of 21.69 and a beta of 1.00. Global X Guru Index ETF has a 52-week low of $53.24 and a 52-week high of $69.39.

About Global X Guru Index ETF

(Get Free Report)

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.

Further Reading

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