Global X MSCI Colombia ETF (NYSEARCA:GXG – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 250,000 shares, an increase of 140.4% from the May 15th total of 104,000 shares. Based on an average daily trading volume, of 115,700 shares, the short-interest ratio is currently 2.2 days. Currently, 7.5% of the company’s shares are short sold.
Hedge Funds Weigh In On Global X MSCI Colombia ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new position in shares of Global X MSCI Colombia ETF in the 4th quarter valued at about $16,018,000. LPL Financial LLC acquired a new position in Global X MSCI Colombia ETF during the 4th quarter worth approximately $229,000. State of Tennessee Department of Treasury grew its holdings in Global X MSCI Colombia ETF by 4.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 188,353 shares of the company’s stock worth $4,294,000 after acquiring an additional 8,648 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Global X MSCI Colombia ETF in the 1st quarter valued at approximately $1,115,000. Finally, Dauntless Investment Group LLC acquired a new stake in shares of Global X MSCI Colombia ETF in the 1st quarter valued at $354,000.
Global X MSCI Colombia ETF Price Performance
Shares of GXG stock traded down $0.03 during trading hours on Friday, hitting $29.42. The company had a trading volume of 41,659 shares, compared to its average volume of 56,435. Global X MSCI Colombia ETF has a fifty-two week low of $22.30 and a fifty-two week high of $29.94. The company’s fifty day moving average is $28.06 and its 200 day moving average is $26.37. The stock has a market capitalization of $97.97 million, a PE ratio of 7.96 and a beta of 0.88.
About Global X MSCI Colombia ETF
The Global X MSCI Colombia ETF (GXG) is an exchange-traded fund that is based on the MSCI All Colombia Select 25\u002F50 index. The fund tracks an index of large-, mid, and small-cap Colombian companies. GXG was launched on Feb 5, 2009 and is managed by Global X.
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