Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Down 0.1% – Time to Sell?

Shares of Global X Thematic Growth ETF (NASDAQ:GXTG) dropped 0.1% on Wednesday . The stock traded as low as $24.44 and last traded at $24.4508. 401 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 4,021 shares. The stock had previously closed at $24.4759.

Global X Thematic Growth ETF Stock Down 0.1%

The firm’s fifty day moving average price is $25.47 and its 200-day moving average price is $25.30. The stock has a market cap of $11.49 million, a P/E ratio of 26.08 and a beta of 1.23.

Hedge Funds Weigh In On Global X Thematic Growth ETF

An institutional investor recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. increased its holdings in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,375 shares of the company’s stock after acquiring an additional 1,136 shares during the quarter. Osaic Holdings Inc. owned about 0.93% of Global X Thematic Growth ETF worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

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.