Global X MSCI Argentina ETF (NYSEARCA:ARGT) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $90.48 and traded as low as $87.50. Global X MSCI Argentina ETF shares last traded at $88.27, with a volume of 408,451 shares trading hands.

Global X MSCI Argentina ETF Stock Performance

The stock has a market cap of $865.93 million, a price-to-earnings ratio of 13.65 and a beta of 0.96. The firm’s 50-day simple moving average is $90.48 and its two-hundred day simple moving average is $91.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARGT. Royal Bank of Canada boosted its stake in Global X MSCI Argentina ETF by 331.9% during the 1st quarter. Royal Bank of Canada now owns 15,220 shares of the company’s stock worth $1,229,000 after acquiring an additional 11,696 shares during the last quarter. Jane Street Group LLC bought a new position in Global X MSCI Argentina ETF during the 1st quarter worth approximately $4,131,000. JPMorgan Chase & Co. boosted its stake in Global X MSCI Argentina ETF by 40.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 55,419 shares of the company’s stock worth $4,696,000 after acquiring an additional 15,832 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in Global X MSCI Argentina ETF by 95.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 63,461 shares of the company’s stock worth $5,377,000 after acquiring an additional 30,941 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Global X MSCI Argentina ETF by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,723 shares of the company’s stock worth $3,450,000 after acquiring an additional 690 shares during the last quarter.

Global X MSCI Argentina ETF Company Profile

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.