Global X Guru Index ETF (NYSEARCA:GURU) Short Interest Down 57.1% in September

Global X Guru Index ETF (NYSEARCA:GURU) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 600 shares, a decline of 57.1% from the September 15th total of 1,400 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 0.3 days.

Global X Guru Index ETF Price Performance

NYSEARCA:GURU opened at $59.96 on Friday. Global X Guru Index ETF has a 12-month low of $41.57 and a 12-month high of $60.67. The firm has a market capitalization of $55.16 million, a P/E ratio of 21.69 and a beta of 1.07. The business has a 50 day simple moving average of $58.69 and a 200 day simple moving average of $53.78.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp acquired a new position in Global X Guru Index ETF during the 1st quarter valued at approximately $51,000. Raymond James Financial Inc. acquired a new position in Global X Guru Index ETF during the 2nd quarter valued at approximately $181,000. Finally, IFP Advisors Inc acquired a new position in Global X Guru Index ETF during the 2nd quarter worth $740,000.

About Global X Guru Index ETF

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.