Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Large Increase in Short Interest

Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 388,616 shares, a growth of 28.9% from the January 15th total of 301,570 shares. Based on an average daily volume of 345,567 shares, the short-interest ratio is currently 1.1 days. Currently, 4.4% of the company’s stock are sold short. Currently, 4.4% of the company’s stock are sold short. Based on an average daily volume of 345,567 shares, the short-interest ratio is currently 1.1 days.

Global X MSCI Argentina ETF Stock Performance

Shares of ARGT stock opened at $91.99 on Tuesday. The company has a market capitalization of $821.47 million, a price-to-earnings ratio of 13.65 and a beta of 1.10. Global X MSCI Argentina ETF has a 52-week low of $66.49 and a 52-week high of $103.97. The company has a 50-day simple moving average of $93.49 and a two-hundred day simple moving average of $85.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARGT. Morgan Stanley increased its stake in shares of Global X MSCI Argentina ETF by 245.5% in the fourth quarter. Morgan Stanley now owns 582,126 shares of the company’s stock worth $53,212,000 after purchasing an additional 413,659 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Global X MSCI Argentina ETF by 3.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 311,469 shares of the company’s stock worth $28,471,000 after buying an additional 11,279 shares during the period. Marshall Wace LLP grew its stake in Global X MSCI Argentina ETF by 1,074.1% in the 2nd quarter. Marshall Wace LLP now owns 230,361 shares of the company’s stock valued at $19,518,000 after buying an additional 210,741 shares in the last quarter. Breakout Capital Partners LP raised its holdings in Global X MSCI Argentina ETF by 10.6% during the 3rd quarter. Breakout Capital Partners LP now owns 213,300 shares of the company’s stock valued at $14,880,000 after acquiring an additional 20,500 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Global X MSCI Argentina ETF by 0.6% during the second quarter. Bank of America Corp DE now owns 151,933 shares of the company’s stock worth $12,873,000 after acquiring an additional 900 shares in the last quarter.

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.