Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Down 2.6% – Time to Sell?

Global X Thematic Growth ETF (NASDAQ:GXTG)’s share price dropped 2.6% during mid-day trading on Tuesday . The company traded as low as $24.4141 and last traded at $24.4141. Approximately 5,717 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 4,021 shares. The stock had previously closed at $25.0714.

Global X Thematic Growth ETF Trading Down 2.6%

The company has a market cap of $11.47 million, a PE ratio of 26.08 and a beta of 1.23. The firm’s fifty day moving average is $26.41 and its 200 day moving average is $26.25.

Hedge Funds Weigh In On Global X Thematic Growth ETF

A hedge fund recently bought a new stake in Global X Thematic Growth ETF stock. Ameritas Advisory Services LLC acquired a new position in shares of Global X Thematic Growth ETF (NASDAQ:GXTG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,708 shares of the company’s stock, valued at approximately $84,000. Ameritas Advisory Services LLC owned approximately 0.79% of Global X Thematic Growth ETF as of its most recent filing with the Securities & Exchange Commission.

About Global X Thematic Growth ETF

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.