Global X MSCI Argentina ETF (NYSEARCA:ARGT) Short Interest Down 49.8% in June

Global X MSCI Argentina ETF (NYSEARCA:ARGT) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 435,938 shares, a drop of 49.8% from the June 15th total of 867,761 shares. Based on an average daily trading volume, of 270,001 shares, the days-to-cover ratio is presently 1.6 days. Approximately 4.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in Global X MSCI Argentina ETF during the 2nd quarter valued at approximately $53,000. Cassaday & Co Wealth Management LLC bought a new position in Global X MSCI Argentina ETF in the 1st quarter worth approximately $65,000. Kestra Advisory Services LLC bought a new position in Global X MSCI Argentina ETF in the 4th quarter worth approximately $97,000. Triumph Capital Management acquired a new position in shares of Global X MSCI Argentina ETF during the third quarter worth approximately $102,000. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in shares of Global X MSCI Argentina ETF by 1,977.8% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,309 shares of the company’s stock worth $111,000 after buying an additional 1,246 shares during the last quarter.

Global X MSCI Argentina ETF Trading Down 0.7%

ARGT traded down $0.64 during trading on Friday, hitting $92.03. The stock had a trading volume of 145,551 shares, compared to its average volume of 244,346. The firm has a market cap of $832.87 million, a PE ratio of 13.65 and a beta of 0.97. Global X MSCI Argentina ETF has a 12 month low of $66.49 and a 12 month high of $103.97. The company has a 50 day simple moving average of $93.11 and a 200-day simple moving average of $92.57.

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.