Global X Guru Index ETF (NYSEARCA:GURU) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Global X Guru Index ETF (NYSEARCA:GURU – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 680 shares, a growth of 129.7% from the April 30th total of 296 shares. Based on an average daily volume of 1,457 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Global X Guru Index ETF Stock Performance

NYSEARCA GURU traded down $0.21 on Monday, hitting $67.42. The stock had a trading volume of 1,892 shares, compared to its average volume of 1,642. Global X Guru Index ETF has a 52-week low of $51.49 and a 52-week high of $67.90. The company has a market capitalization of $61.35 million, a price-to-earnings ratio of 21.69 and a beta of 1.00. The firm has a 50-day moving average of $63.45 and a 200-day moving average of $62.50.

Institutional Trading of Global X Guru Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Global X Guru Index ETF during the 3rd quarter valued at $37,000. Jones Financial Companies Lllp purchased a new stake in shares of Global X Guru Index ETF during the 1st quarter valued at $51,000. Raymond James Financial Inc. purchased a new stake in shares of Global X Guru Index ETF during the 2nd quarter valued at $181,000. Fulcrum Equity Management purchased a new stake in shares of Global X Guru Index ETF during the 4th quarter valued at $258,000. Finally, IFP Advisors Inc raised its position in shares of Global X Guru Index ETF by 2.2% during the 3rd quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock valued at $840,000 after buying an additional 309 shares in the last quarter.

About Global X Guru Index ETF

(Get Free Report)

The Global X Guru Index ETF (GURU) is an exchange-traded fund that is based on the Solactive Guru index. The fund tracks an equal-weighted index that attempts to mimic concentrated equity positions taken by large hedge funds, as reported in public filings. GURU was launched on Jun 4, 2012 and is managed by Global X.

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