Global X Guru Index ETF (NYSEARCA:GURU) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Global X Guru Index ETF (NYSEARCA:GURU) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $65.57 and traded as low as $64.81. Global X Guru Index ETF shares last traded at $65.27, with a volume of 2,468 shares traded.

Global X Guru Index ETF Trading Down 1.4%

The firm’s 50-day simple moving average is $67.21 and its 200-day simple moving average is $65.59. The company has a market capitalization of $57.59 million, a PE ratio of 21.69 and a beta of 1.02.

Hedge Funds Weigh In On Global X Guru Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GURU. Private Advisor Group LLC acquired a new position in shares of Global X Guru Index ETF in the 3rd quarter valued at $484,000. Banco Santander S.A. acquired a new stake in shares of Global X Guru Index ETF during the third quarter worth about $325,000. Finally, Citadel Advisors LLC grew its position in Global X Guru Index ETF by 54.3% during the 2nd quarter. Citadel Advisors LLC now owns 7,326 shares of the company’s stock worth $513,000 after purchasing an additional 2,579 shares during the last quarter.

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.