Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Up 1.5% – Here’s Why

Global X Thematic Growth ETF (NASDAQ:GXTG)’s share price was up 1.5% during mid-day trading on Friday . The company traded as high as $23.83 and last traded at $23.7219. Approximately 2,438 shares traded hands during trading, a decline of 39% from the average daily volume of 4,021 shares. The stock had previously closed at $23.3633.

Global X Thematic Growth ETF Trading Up 1.5%

The business’s 50 day simple moving average is $24.81 and its 200 day simple moving average is $25.99. The firm has a market capitalization of $11.15 million, a PE ratio of 26.08 and a beta of 1.23.

Institutional Investors Weigh In On Global X Thematic Growth ETF

An institutional investor recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. grew its stake in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,375 shares of the company’s stock after purchasing an additional 1,136 shares during the period. Osaic Holdings Inc. owned approximately 0.93% of Global X Thematic Growth ETF worth $99,000 at the end of the most recent reporting period.

Global X Thematic Growth ETF Company Profile

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.