Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $92.66 and traded as high as $93.58. Global X MSCI Argentina ETF shares last traded at $92.22, with a volume of 105,772 shares changing hands.

Global X MSCI Argentina ETF Stock Down 0.1%

The firm’s fifty day moving average price is $92.84 and its two-hundred day moving average price is $92.13. The stock has a market capitalization of $960.50 million, a PE ratio of 13.65 and a beta of 0.96.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC grew its position in Global X MSCI Argentina ETF by 6,938.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 40,965 shares of the company’s stock valued at $3,745,000 after buying an additional 40,383 shares during the period. Varma Mutual Pension Insurance Co bought a new stake in Global X MSCI Argentina ETF during the fourth quarter valued at approximately $5,905,000. Bank Julius Baer & Co. Ltd Zurich grew its position in Global X MSCI Argentina ETF by 3.8% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 311,469 shares of the company’s stock valued at $28,471,000 after buying an additional 11,279 shares during the period. Parametrica Management Ltd grew its position in Global X MSCI Argentina ETF by 148.1% during the third quarter. Parametrica Management Ltd now owns 13,400 shares of the company’s stock valued at $935,000 after buying an additional 8,000 shares during the period. Finally, City of London Investment Management Co. Ltd. grew its position in Global X MSCI Argentina ETF by 20.6% during the third quarter. City of London Investment Management Co. Ltd. now owns 41,500 shares of the company’s stock valued at $2,895,000 after buying an additional 7,100 shares during the period.

About Global X MSCI Argentina ETF

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.