Global X Thematic Growth ETF (NASDAQ:GXTG) Stock Price Up 1.7% – Here’s Why

Global X Thematic Growth ETF (NASDAQ:GXTG)’s stock price rose 1.7% on Tuesday . The stock traded as high as $27.71 and last traded at $27.5129. Approximately 11,163 shares changed hands during mid-day trading, an increase of 178% from the average daily volume of 4,021 shares. The stock had previously closed at $27.0609.

Global X Thematic Growth ETF Stock Performance

The company’s fifty day moving average is $26.90 and its two-hundred day moving average is $25.25. The company has a market cap of $12.24 million, a price-to-earnings ratio of 26.08 and a beta of 1.23.

Hedge Funds Weigh In On Global X Thematic Growth ETF

A hedge fund recently raised its stake in Global X Thematic Growth ETF stock. Osaic Holdings Inc. increased its holdings in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,375 shares of the company’s stock after buying an additional 1,136 shares during the quarter. Osaic Holdings Inc. owned about 0.93% of Global X Thematic Growth ETF worth $99,000 at the end of the most recent reporting period.

About Global X Thematic Growth ETF

The Global X Thematic Growth ETF (GXTG) is an exchange-traded fund that is based on the Solactive Thematic Growth index. The fund is a passively managed fund-of-funds providing global equity exposure todisruptive-growth trends. Selectionisbased ona quantitativemethodologyemphasizingrealized sales growth. GXTG was launched on Oct 25, 2019 and is managed by Global X.