Short Interest in Global X Aging Population ETF (NASDAQ:AGNG) Drops By 72.3%

Global X Aging Population ETF (NASDAQ:AGNG) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 28,600 shares, adropof72.3% from the July 31st total of 103,300 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is currently 3.0 days. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is currently 3.0 days.

Global X Aging Population ETF Price Performance

Shares of Global X Aging Population ETF stock opened at $33.43 on Wednesday. The business has a fifty day simple moving average of $32.49 and a two-hundred day simple moving average of $31.60. Global X Aging Population ETF has a 1 year low of $27.43 and a 1 year high of $33.71. The company has a market capitalization of $61.18 million, a price-to-earnings ratio of 24.67 and a beta of 0.76.

Global X Aging Population ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 27th were issued a dividend of $0.1422 per share. The ex-dividend date of this dividend was Friday, June 27th.

Institutional Investors Weigh In On Global X Aging Population ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Global X Aging Population ETF by 220.6% during the second quarter. Bank of America Corp DE now owns 23,479 shares of the company’s stock worth $749,000 after buying an additional 16,156 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Global X Aging Population ETF by 76.2% during the second quarter. Sei Investments Co. now owns 11,784 shares of the company’s stock worth $376,000 after buying an additional 5,097 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Global X Aging Population ETF by 52.6% during the second quarter. PNC Financial Services Group Inc. now owns 2,900 shares of the company’s stock worth $93,000 after buying an additional 1,000 shares in the last quarter. Insight Advisors LLC PA lifted its holdings in shares of Global X Aging Population ETF by 8.0% during the second quarter. Insight Advisors LLC PA now owns 10,012 shares of the company’s stock worth $319,000 after buying an additional 745 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of Global X Aging Population ETF by 7.0% during the first quarter. Principal Securities Inc. now owns 21,346 shares of the company’s stock worth $644,000 after buying an additional 1,401 shares in the last quarter.

About Global X Aging Population ETF

The Global X Aging Population ETF (AGNG) is an exchange-traded fund that is based on the Indxx Aging Population Thematic index, a market-cap-weighted index of companies from developed markets, whose revenue or main business purpose is tied to enhancing and elongating the lives of senior citizens. AGNG was launched on May 9, 2016 and is managed by Global X.