Global X MSCI Argentina ETF (NYSEARCA:ARGT) Short Interest Up 28.9% in January

Global X MSCI Argentina ETF (NYSEARCA:ARGT) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 388,616 shares, an increase of 28.9% from the January 15th total of 301,570 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 345,567 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 345,567 shares, the short-interest ratio is presently 1.1 days. Currently, 4.4% of the shares of the stock are short sold.

Global X MSCI Argentina ETF Stock Performance

Shares of NYSEARCA ARGT traded up $1.10 during mid-day trading on Monday, reaching $92.39. The company had a trading volume of 160,590 shares, compared to its average volume of 251,553. The firm has a market cap of $825.04 million, a price-to-earnings ratio of 13.65 and a beta of 1.10. The business’s 50-day simple moving average is $93.48 and its 200 day simple moving average is $85.46. Global X MSCI Argentina ETF has a one year low of $66.49 and a one year high of $103.97.

Institutional Trading of Global X MSCI Argentina ETF

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in Global X MSCI Argentina ETF in the fourth quarter valued at approximately $97,000. Southeast Asset Advisors LLC bought a new position in shares of Global X MSCI Argentina ETF in the 4th quarter valued at $1,828,000. Morgan Stanley raised its holdings in shares of Global X MSCI Argentina ETF by 245.5% during the 4th quarter. Morgan Stanley now owns 582,126 shares of the company’s stock worth $53,212,000 after buying an additional 413,659 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Global X MSCI Argentina ETF during the 4th quarter worth $631,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Global X MSCI Argentina ETF by 158.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,264 shares of the company’s stock valued at $298,000 after buying an additional 2,000 shares in 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.