Short Interest in Global X MSCI Argentina ETF (NYSEARCA:ARGT) Drops By 49.8%

Global X MSCI Argentina ETF (NYSEARCA:ARGT) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 435,938 shares, a drop of 49.8% from the June 15th total of 867,761 shares. Based on an average trading volume of 270,001 shares, the short-interest ratio is presently 1.6 days. Currently, 4.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ARGT. Tower Research Capital LLC TRC acquired a new position in Global X MSCI Argentina ETF during the 2nd quarter valued at about $53,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Global X MSCI Argentina ETF in the first quarter valued at approximately $65,000. Kestra Advisory Services LLC bought a new position in shares of Global X MSCI Argentina ETF in the fourth quarter valued at approximately $97,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Global X MSCI Argentina ETF by 1,977.8% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,309 shares of the company’s stock valued at $111,000 after buying an additional 1,246 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in Global X MSCI Argentina ETF during the third quarter worth $102,000.

Global X MSCI Argentina ETF Price Performance

Shares of NYSEARCA:ARGT traded up $0.61 during trading on Wednesday, reaching $95.35. 68,754 shares of the stock were exchanged, compared to its average volume of 246,316. Global X MSCI Argentina ETF has a 1-year low of $66.49 and a 1-year high of $103.97. The stock has a fifty day moving average of $93.11 and a two-hundred day moving average of $92.58. The firm has a market cap of $866.73 million, a price-to-earnings ratio of 13.65 and a beta of 0.97.

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.