Global X MSCI Argentina ETF (NYSEARCA:ARGT) Short Interest Down 22.5% in March

Global X MSCI Argentina ETF (NYSEARCA:ARGT) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 495,911 shares, a decline of 22.5% from the February 26th total of 639,717 shares. Currently, 5.6% of the company’s stock are short sold. Based on an average daily volume of 202,629 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of institutional investors and hedge funds have recently modified their holdings of ARGT. Geneos Wealth Management Inc. boosted its stake in shares of Global X MSCI Argentina ETF by 37.1% during the 3rd quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock worth $46,000 after acquiring an additional 180 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Global X MSCI Argentina ETF during the 2nd quarter valued at $53,000. Steward Partners Investment Advisory LLC boosted 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 worth $92,000 after purchasing an additional 412 shares during the period. Kestra Advisory Services LLC bought a new position in Global X MSCI Argentina ETF during the fourth quarter worth $97,000. Finally, Triumph Capital Management acquired a new position in shares of Global X MSCI Argentina ETF in the third quarter valued at $102,000.

Global X MSCI Argentina ETF Trading Down 0.5%

NYSEARCA ARGT opened at $87.42 on Friday. Global X MSCI Argentina ETF has a 12 month low of $66.49 and a 12 month high of $103.97. The stock has a 50 day moving average of $91.84 and a 200-day moving average of $87.01. The company has a market cap of $780.66 million, a PE ratio of 13.65 and a beta of 1.10.

Global X MSCI Argentina ETF Company Profile

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.