Global X MSCI Argentina ETF (NYSEARCA:ARGT) Hits New 1-Year Low – What’s Next?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) reached a new 52-week low on Monday. The stock traded as low as $77.99 and last traded at $78.6130, with a volume of 100,014 shares changing hands. The stock had previously closed at $79.18.

Global X MSCI Argentina ETF Stock Performance

The company has a fifty day moving average of $89.59 and a two-hundred day moving average of $91.88. The company has a market cap of $613.48 million, a PE ratio of 13.65 and a beta of 0.99.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Global X MSCI Argentina ETF in the 3rd quarter worth about $30,068,000. Royal Bank of Canada grew its holdings in Global X MSCI Argentina ETF by 14.6% during the 1st quarter. Royal Bank of Canada now owns 14,115 shares of the company’s stock valued at $1,318,000 after purchasing an additional 1,795 shares during the last quarter. Canal Insurance CO bought a new position in Global X MSCI Argentina ETF during the 3rd quarter valued at about $1,086,000. Cetera Investment Advisers raised its position in Global X MSCI Argentina ETF by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 8,817 shares of the company’s stock worth $823,000 after purchasing an additional 135 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new stake in Global X MSCI Argentina ETF in the 3rd quarter worth about $743,000.

About Global X MSCI Argentina ETF

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.