Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Up 4.2% – Time to Buy?

Global X Thematic Growth ETF (NASDAQ:GXTG)’s share price rose 4.2% on Wednesday . The company traded as high as $24.2701 and last traded at $24.2398. Approximately 335 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 4,021 shares. The stock had previously closed at $23.2570.

Global X Thematic Growth ETF Stock Performance

The firm has a market capitalization of $11.39 million, a PE ratio of 26.08 and a beta of 1.23. The firm’s 50 day moving average price is $27.19 and its 200-day moving average price is $25.48.

Hedge Funds Weigh In On Global X Thematic Growth ETF

A hedge fund recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. increased its holdings in shares of Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,375 shares of the company’s stock after buying an additional 1,136 shares during the period. Osaic Holdings Inc. owned about 0.93% of Global X Thematic Growth ETF worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.