Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Price Passes Above 50 Day Moving Average of $61.13

Global X MSCI Argentina ETF (NYSEARCA:ARGT) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $61.13 and traded as high as $69.57. Global X MSCI Argentina ETF shares last traded at $68.77, with a volume of 224,344 shares changing hands.

Global X MSCI Argentina ETF Stock Performance

The business has a 50 day simple moving average of $61.36 and a 200-day simple moving average of $58.39. The stock has a market capitalization of $257.44 million, a P/E ratio of 15.89 and a beta of 1.20.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARGT. Duquesne Family Office LLC boosted its stake in shares of Global X MSCI Argentina ETF by 45.4% during the 2nd quarter. Duquesne Family Office LLC now owns 282,000 shares of the company’s stock worth $16,020,000 after acquiring an additional 88,100 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Global X MSCI Argentina ETF by 848.0% during the 2nd quarter. Marshall Wace LLP now owns 109,034 shares of the company’s stock worth $6,194,000 after acquiring an additional 97,533 shares in the last quarter. Bricktown Capital LLC bought a new stake in shares of Global X MSCI Argentina ETF during the 2nd quarter worth $2,908,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Global X MSCI Argentina ETF by 370.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 36,869 shares of the company’s stock worth $2,095,000 after acquiring an additional 29,028 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Global X MSCI Argentina ETF by 1,223.0% during the 2nd quarter. Bank of Montreal Can now owns 34,809 shares of the company’s stock worth $2,022,000 after acquiring an additional 32,178 shares in 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.