Global X Guru Index ETF (NYSEARCA:GURU) Sees Large Increase in Short Interest

Global X Guru Index ETF (NYSEARCA:GURU) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 5,763 shares, an increase of 200.0% from the December 15th total of 1,921 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,512 shares, the days-to-cover ratio is currently 3.8 days. Based on an average daily volume of 1,512 shares, the days-to-cover ratio is currently 3.8 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Trading of Global X Guru Index ETF

Several hedge funds have recently made changes to their positions in GURU. Northwestern Mutual Wealth Management Co. acquired a new position in Global X Guru Index ETF during the 3rd quarter valued at about $37,000. Jones Financial Companies Lllp bought a new position in shares of Global X Guru Index ETF in the first quarter valued at approximately $51,000. Raymond James Financial Inc. acquired a new position in shares of Global X Guru Index ETF during the second quarter valued at approximately $181,000. Fulcrum Equity Management bought a new stake in Global X Guru Index ETF during the fourth quarter worth approximately $258,000. Finally, IFP Advisors Inc acquired a new stake in Global X Guru Index ETF in the second quarter worth approximately $740,000.

Global X Guru Index ETF Stock Performance

Shares of Global X Guru Index ETF stock traded up $0.10 during trading hours on Thursday, reaching $62.61. The company’s stock had a trading volume of 1,368 shares, compared to its average volume of 1,699. Global X Guru Index ETF has a one year low of $41.57 and a one year high of $64.35. The company’s 50 day simple moving average is $62.61 and its 200 day simple moving average is $59.39. The stock has a market cap of $58.22 million, a P/E ratio of 21.69 and a beta of 1.03.

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.