Global X MSCI Argentina ETF (NYSEARCA:ARGT) Short Interest Up 18.9% in February

Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 639,717 shares, an increase of 18.9% from the February 12th total of 537,969 shares. Approximately 7.2% of the shares of the stock are sold short. Based on an average trading volume of 148,655 shares, the short-interest ratio is presently 4.3 days. Based on an average trading volume of 148,655 shares, the short-interest ratio is presently 4.3 days. Approximately 7.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of hedge funds have recently made changes to their positions in ARGT. Royal Bank of Canada grew its holdings in Global X MSCI Argentina ETF by 331.9% during the 1st quarter. Royal Bank of Canada now owns 15,220 shares of the company’s stock valued at $1,229,000 after buying an additional 11,696 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Global X MSCI Argentina ETF during the 1st quarter valued at approximately $4,131,000. Allworth Financial LP purchased a new position in shares of Global X MSCI Argentina ETF in the second quarter valued at $25,000. City of London Investment Management Co. Ltd. grew its holdings in shares of Global X MSCI Argentina ETF by 14.7% in the second quarter. City of London Investment Management Co. Ltd. now owns 34,400 shares of the company’s stock valued at $2,915,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in Global X MSCI Argentina ETF in the second quarter worth $1,380,000.

Global X MSCI Argentina ETF Stock Up 2.2%

Shares of ARGT stock opened at $87.51 on Wednesday. The company’s fifty day simple moving average is $92.71 and its two-hundred day simple moving average is $86.49. Global X MSCI Argentina ETF has a 52 week low of $66.49 and a 52 week high of $103.97. The stock has a market cap of $781.46 million, a P/E ratio of 13.65 and a beta of 1.10.

About Global X MSCI Argentina ETF

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.