Short Interest in Global X Guru Index ETF (NYSEARCA:GURU) Drops By 30.5%

Global X Guru Index ETF (NYSEARCA:GURU) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 4,008 shares, a decline of 30.5% from the December 31st total of 5,763 shares. Based on an average daily volume of 1,805 shares, the short-interest ratio is currently 2.2 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 1,805 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Global X Guru Index ETF

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in Global X Guru Index ETF in the 3rd quarter worth approximately $37,000. Jones Financial Companies Lllp purchased a new position in shares of Global X Guru Index ETF in the first quarter worth $51,000. Raymond James Financial Inc. bought a new position in shares of Global X Guru Index ETF during the second quarter worth $181,000. Fulcrum Equity Management purchased a new position in Global X Guru Index ETF during the fourth quarter valued at $258,000. Finally, IFP Advisors Inc bought a new stake in Global X Guru Index ETF in the 2nd quarter valued at $740,000.

Global X Guru Index ETF Trading Down 1.0%

GURU stock traded down $0.62 on Friday, hitting $61.44. The company had a trading volume of 506 shares, compared to its average volume of 2,365. Global X Guru Index ETF has a 12-month low of $41.57 and a 12-month high of $64.35. The stock’s 50-day simple moving average is $62.87 and its 200 day simple moving average is $60.02. The stock has a market cap of $57.14 million, a price-to-earnings ratio of 21.69 and a beta of 1.03.

About Global X Guru Index ETF

The Global X Guru Index ETF (GURU) is an exchange-traded fund that is based on the Solactive Guru index. The fund tracks an equal-weighted index that attempts to mimic concentrated equity positions taken by large hedge funds, as reported in public filings. GURU was launched on Jun 4, 2012 and is managed by Global X.