Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Down 2% – Here’s Why

Global X Thematic Growth ETF (NASDAQ:GXTG) traded down 2% during mid-day trading on Tuesday . The company traded as low as $27.23 and last traded at $27.6515. 4,221 shares were traded during mid-day trading, an increase of 5% from the average session volume of 4,021 shares. The stock had previously closed at $28.2215.

Global X Thematic Growth ETF Stock Down 2.0%

The company has a market capitalization of $13.00 million, a price-to-earnings ratio of 26.08 and a beta of 1.23. The stock’s fifty day moving average price is $24.88 and its 200-day moving average price is $24.97.

Institutional Trading of Global X Thematic Growth ETF

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