Global X Guru Index ETF (NYSEARCA:GURU) Short Interest Down 61.1% in January

Global X Guru Index ETF (NYSEARCA:GURU) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,560 shares, a decline of 61.1% from the January 15th total of 4,008 shares. Based on an average daily volume of 3,021 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 3,021 shares, the short-interest ratio is presently 0.5 days.

Global X Guru Index ETF Stock Performance

Shares of GURU opened at $62.08 on Wednesday. The stock’s 50-day simple moving average is $62.69 and its 200 day simple moving average is $60.43. Global X Guru Index ETF has a 52-week low of $41.57 and a 52-week high of $64.35. The stock has a market capitalization of $57.73 million, a price-to-earnings ratio of 21.69 and a beta of 1.03.

Institutional Investors Weigh In On Global X Guru Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GURU. IFP Advisors Inc increased its stake in shares of Global X Guru Index ETF by 2.2% in the third quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock worth $840,000 after buying an additional 309 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Global X Guru Index ETF by 45.1% during the third quarter. Raymond James Financial Inc. now owns 4,905 shares of the company’s stock worth $292,000 after purchasing an additional 1,524 shares during the period. Fulcrum Equity Management bought a new stake in shares of Global X Guru Index ETF in the fourth quarter worth about $258,000. Jones Financial Companies Lllp purchased a new position in Global X Guru Index ETF during the 1st quarter valued at about $51,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Global X Guru Index ETF during the 3rd quarter valued at approximately $37,000.

Global X Guru Index ETF Company Profile

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.