Global X MSCI Greece ETF (NYSEARCA:GREK) Sees Significant Decrease in Short Interest

Global X MSCI Greece ETF (NYSEARCA:GREK) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 102,796 shares, a decline of 35.5% from the January 29th total of 159,451 shares. Based on an average trading volume of 105,734 shares, the short-interest ratio is currently 1.0 days. Currently, 2.2% of the company’s stock are sold short. Currently, 2.2% of the company’s stock are sold short. Based on an average trading volume of 105,734 shares, the short-interest ratio is currently 1.0 days.

Global X MSCI Greece ETF Stock Down 6.6%

GREK stock opened at $63.19 on Tuesday. The stock has a market capitalization of $294.47 million, a PE ratio of 10.65 and a beta of 0.89. Global X MSCI Greece ETF has a 52 week low of $40.21 and a 52 week high of $77.26. The firm has a 50 day moving average of $71.03 and a 200 day moving average of $66.94.

Hedge Funds Weigh In On Global X MSCI Greece ETF

Several hedge funds have recently made changes to their positions in GREK. Jordan Park Group LLC lifted its position in Global X MSCI Greece ETF by 73.1% during the 3rd quarter. Jordan Park Group LLC now owns 197,396 shares of the exchange traded fund’s stock worth $12,712,000 after acquiring an additional 83,385 shares during the period. UBS Group AG lifted its holdings in shares of Global X MSCI Greece ETF by 1,244.1% during the third quarter. UBS Group AG now owns 153,480 shares of the exchange traded fund’s stock worth $9,884,000 after purchasing an additional 142,061 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Global X MSCI Greece ETF in the second quarter valued at approximately $4,721,000. Arlington Capital Management Inc. increased its holdings in Global X MSCI Greece ETF by 0.6% in the 3rd quarter. Arlington Capital Management Inc. now owns 78,477 shares of the exchange traded fund’s stock worth $5,054,000 after buying an additional 454 shares during the period. Finally, TD Waterhouse Canada Inc. raised its position in Global X MSCI Greece ETF by 1.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 59,968 shares of the exchange traded fund’s stock worth $3,853,000 after buying an additional 1,093 shares during the last quarter.

Global X MSCI Greece ETF Company Profile

The Global X MSCI Greece ETF (GREK) is an exchange-traded fund that is based on the MSCI All Greece Select 25-50 index, a market-cap-weighted index of about 15 Greek firms. GREK was launched on Dec 7, 2011 and is managed by Global X.