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

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

Institutional Trading of Global X Guru Index ETF

Several large investors have recently bought and sold shares of GURU. Northwestern Mutual Wealth Management Co. purchased a new position in Global X Guru Index ETF in the 3rd quarter worth approximately $37,000. Jones Financial Companies Lllp purchased a new stake in shares of Global X Guru Index ETF in the first quarter valued at approximately $51,000. Raymond James Financial Inc. purchased a new stake in shares of Global X Guru Index ETF in the second quarter valued at approximately $181,000. Fulcrum Equity Management acquired a new stake in shares of Global X Guru Index ETF in the fourth quarter valued at approximately $258,000. Finally, IFP Advisors Inc increased its holdings in shares of Global X Guru Index ETF by 2.2% in 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 during the last quarter.

Global X Guru Index ETF Stock Up 0.8%

Shares of Global X Guru Index ETF stock traded up $0.50 during trading hours on Thursday, reaching $65.51. 2,450 shares of the company’s stock were exchanged, compared to its average volume of 1,703. The business has a fifty day moving average of $61.89 and a two-hundred day moving average of $62.08. The company has a market capitalization of $59.61 million, a P/E ratio of 21.69 and a beta of 1.00. Global X Guru Index ETF has a 1 year low of $50.31 and a 1 year high of $67.73.

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.