Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Up 1.2% – Still a Buy?

Global X Thematic Growth ETF (NASDAQ:GXTG)’s stock price shot up 1.2% on Wednesday . The stock traded as high as $25.8764 and last traded at $25.8764. 452 shares traded hands during trading, a decline of 89% from the average session volume of 4,021 shares. The stock had previously closed at $25.5802.

Global X Thematic Growth ETF Stock Performance

The company has a market cap of $12.16 million, a price-to-earnings ratio of 26.08 and a beta of 1.23. The firm has a fifty day moving average price of $25.47 and a 200 day moving average price of $26.21.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. increased its position in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% during the second quarter, according to the company in its most recent 13F 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 approximately 0.93% of Global X Thematic Growth ETF worth $99,000 as of its most recent SEC filing.

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. GXTG was launched on Oct 25, 2019 and is managed by Global X.