Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Down 0.6% – Should You Sell?

Global X Thematic Growth ETF (NASDAQ:GXTG)’s stock price traded down 0.6% during trading on Monday . The company traded as low as $23.1012 and last traded at $23.1012. 434 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 4,021 shares. The stock had previously closed at $23.2461.

Global X Thematic Growth ETF Stock Down 0.6%

The company has a 50 day simple moving average of $24.40 and a 200-day simple moving average of $25.67. The stock has a market cap of $10.86 million, a price-to-earnings ratio of 26.08 and a beta of 1.23.

Institutional Investors Weigh In On Global X Thematic Growth ETF

A hedge fund recently raised its stake in Global X Thematic Growth ETF stock. Osaic Holdings Inc. boosted its holdings in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

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.