Global X Thematic Growth ETF (NASDAQ:GXTG) Trading 1.6% Higher – Here’s Why

Global X Thematic Growth ETF (NASDAQ:GXTG) shares rose 1.6% on Wednesday . The stock traded as high as $26.6889 and last traded at $26.6889. 87 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 4,021 shares. The stock had previously closed at $26.2812.

Global X Thematic Growth ETF Trading Up 1.6%

The firm’s 50-day moving average price is $28.04 and its 200-day moving average price is $25.50. The stock has a market capitalization of $12.54 million, a PE ratio of 26.08 and a beta of 1.23.

Institutional Investors Weigh In On Global X Thematic Growth ETF

A hedge fund recently raised its stake in Global X Thematic Growth ETF stock. Osaic Holdings Inc. grew its stake in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,375 shares of the company’s stock after purchasing an additional 1,136 shares during the period. Osaic Holdings Inc. owned approximately 0.93% of Global X Thematic Growth ETF worth $99,000 at the end of the most recent reporting period.

About Global X Thematic Growth ETF

The Global X Thematic Growth ETF (GXTG) is an exchange-traded fund that is based on the Solactive Thematic Growth index. The fund is a passively managed fund-of-funds providing global equity exposure todisruptive-growth trends. Selectionisbased ona quantitativemethodologyemphasizingrealized sales growth. GXTG was launched on Oct 25, 2019 and is managed by Global X.