Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Significant Increase in Short Interest

Global X MSCI Argentina ETF (NYSEARCA:ARGT) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 621,249 shares, an increase of 25.3% from the March 15th total of 495,911 shares. Currently, 6.8% of the shares of the company are short sold. Based on an average daily volume of 269,934 shares, the days-to-cover ratio is currently 2.3 days.

Global X MSCI Argentina ETF Stock Performance

NYSEARCA ARGT opened at $93.89 on Thursday. Global X MSCI Argentina ETF has a one year low of $66.49 and a one year high of $103.97. The stock has a 50-day moving average of $90.82 and a 200 day moving average of $88.88. The company has a market capitalization of $873.18 million, a price-to-earnings ratio of 13.65 and a beta of 1.06.

Institutional Trading of Global X MSCI Argentina ETF

A number of large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its holdings in shares of Global X MSCI Argentina ETF by 37.1% during the third quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock valued at $46,000 after purchasing an additional 180 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Global X MSCI Argentina ETF during the second quarter valued at approximately $53,000. Kestra Advisory Services LLC purchased a new position in shares of Global X MSCI Argentina ETF during the fourth quarter valued at approximately $97,000. Triumph Capital Management purchased a new position in shares of Global X MSCI Argentina ETF during the third quarter valued at approximately $102,000. Finally, Riggs Asset Managment Co. Inc. raised its holdings in shares of Global X MSCI Argentina ETF by 1,977.8% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,309 shares of the company’s stock valued at $111,000 after purchasing an additional 1,246 shares during the last quarter.

Global X MSCI Argentina ETF Company Profile

The Global X MSCI Argentina ETF (ARGT) is an exchange-traded fund that is based on the MSCI All Argentina 25\u002F50 index. The fund tracks a narrow index of companies with Argentine economic linkages that are selected and weighted by market cap. ARGT was launched on Mar 2, 2011 and is managed by Global X.