Global X Guru Index ETF (NYSEARCA:GURU) Stock Price Up 0.8% – What’s Next?

Global X Guru Index ETF (NYSEARCA:GURU)’s stock price shot up 0.8% on Monday. The company traded as high as $68.67 and last traded at $68.44. Approximately 648 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 1,451 shares. The stock had previously closed at $67.89.

Global X Guru Index ETF Stock Performance

The company has a market cap of $60.91 million, a PE ratio of 21.69 and a beta of 1.00. The stock’s 50-day simple moving average is $69.10 and its 200 day simple moving average is $66.65.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Global X Guru Index ETF stock. Citadel Advisors LLC boosted its position in Global X Guru Index ETF (NYSEARCA:GURU) by 54.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,326 shares of the company’s stock after purchasing an additional 2,579 shares during the period. Citadel Advisors LLC owned about 0.81% of Global X Guru Index ETF worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

Global X Guru Index ETF Company Profile

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.