Global X MSCI Argentina ETF (NYSEARCA:ARGT) Shares Gap Down – Should You Sell?

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s share price gapped down before the market opened on Monday . The stock had previously closed at $79.81, but opened at $72.85. Global X MSCI Argentina ETF shares last traded at $72.92, with a volume of 609,723 shares.

Global X MSCI Argentina ETF Stock Performance

The stock’s 50-day moving average price is $82.38 and its two-hundred day moving average price is $84.15. The stock has a market capitalization of $798.64 million, a PE ratio of 13.65 and a beta of 1.20.

Institutional Trading of Global X MSCI Argentina ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank increased its stake in Global X MSCI Argentina ETF by 181.4% in the fourth quarter. Comerica Bank now owns 788 shares of the company’s stock valued at $65,000 after acquiring an additional 508 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Global X MSCI Argentina ETF during the fourth quarter valued at approximately $331,000. D. E. Shaw & Co. Inc. bought a new position in shares of Global X MSCI Argentina ETF in the fourth quarter worth approximately $801,000. LMR Partners LLP purchased a new stake in Global X MSCI Argentina ETF during the fourth quarter valued at $248,000. Finally, Sona Asset Management US LLC purchased a new position in Global X MSCI Argentina ETF during the 4th quarter valued at about $2,067,000.

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.