Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Down 2.4% – Here’s Why

Global X Thematic Growth ETF (NASDAQ:GXTG) shares dropped 2.4% on Wednesday . The stock traded as low as $23.8951 and last traded at $23.8951. Approximately 23 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 4,021 shares. The stock had previously closed at $24.4910.

Global X Thematic Growth ETF Price Performance

The firm’s 50 day moving average price is $24.39 and its 200-day moving average price is $25.24. The firm has a market cap of $11.23 million, a price-to-earnings ratio of 26.08 and a beta of 1.23.

Institutional Trading of Global X Thematic Growth ETF

An institutional investor recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. raised its stake in shares of Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,375 shares of the company’s stock after purchasing an additional 1,136 shares during the quarter. Osaic Holdings Inc. owned 0.93% of Global X Thematic Growth ETF worth $99,000 as of its most recent filing with the SEC.

Global X Thematic Growth ETF Company Profile

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.