Global X MSCI Argentina ETF (NYSEARCA:ARGT) Short Interest Update

Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 388,616 shares, an increase of 28.9% from the January 15th total of 301,570 shares. Approximately 4.4% of the shares of the company are sold short. Based on an average daily volume of 345,567 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 345,567 shares, the short-interest ratio is presently 1.1 days. Approximately 4.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new position in Global X MSCI Argentina ETF in the second quarter worth about $25,000. Geneos Wealth Management Inc. lifted its stake in shares of Global X MSCI Argentina ETF by 37.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock worth $46,000 after purchasing an additional 180 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Global X MSCI Argentina ETF in the second quarter worth approximately $53,000. Steward Partners Investment Advisory LLC grew its position in Global X MSCI Argentina ETF by 60.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,091 shares of the company’s stock valued at $92,000 after buying an additional 412 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Global X MSCI Argentina ETF during the fourth quarter valued at approximately $97,000.

Global X MSCI Argentina ETF Trading Down 1.8%

Shares of ARGT opened at $90.70 on Wednesday. The firm has a fifty day simple moving average of $93.49 and a two-hundred day simple moving average of $85.59. The firm has a market cap of $809.95 million, a PE ratio of 13.65 and a beta of 1.10. Global X MSCI Argentina ETF has a 1-year low of $66.49 and a 1-year high of $103.97.

About Global X MSCI Argentina ETF

The Global X MSCI Argentina ETF (ARGT) is an exchange-traded fund that is based on the MSCI All Argentina 25\u002F50 index. The fund tracks a narrow index of companies with Argentine economic linkages that are selected and weighted by market cap. ARGT was launched on Mar 2, 2011 and is managed by Global X.