Global X Thematic Growth ETF (NASDAQ:GXTG) Stock Price Up 0.7% – Still a Buy?

Global X Thematic Growth ETF (NASDAQ:GXTG) shares shot up 0.7% during mid-day trading on Monday . The stock traded as high as $28.06 and last traded at $27.9478. 879 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 4,021 shares. The stock had previously closed at $27.7579.

Global X Thematic Growth ETF Trading Up 0.7%

The stock has a market capitalization of $13.14 million, a PE ratio of 26.08 and a beta of 1.23. The firm’s fifty day moving average is $27.34 and its 200-day moving average is $25.77.

Institutional Trading of Global X Thematic Growth ETF

A hedge fund recently bought a new stake in Global X Thematic Growth ETF stock. Ameritas Advisory Services LLC bought a new position in shares of Global X Thematic Growth ETF (NASDAQ:GXTG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,708 shares of the company’s stock, valued at approximately $84,000. Ameritas Advisory Services LLC owned approximately 0.79% of Global X Thematic Growth ETF 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.