Global X Guru Index ETF (NYSEARCA:GURU) Short Interest Update

Global X Guru Index ETF (NYSEARCA:GURU) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 680 shares, a growth of 129.7% from the April 30th total of 296 shares. Based on an average daily volume of 1,457 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Global X Guru Index ETF

Several institutional investors and hedge funds have recently modified their holdings of GURU. Northwestern Mutual Wealth Management Co. bought a new stake in Global X Guru Index ETF during the third quarter worth about $37,000. Jones Financial Companies Lllp bought a new stake in Global X Guru Index ETF during the first quarter worth about $51,000. Raymond James Financial Inc. bought a new stake in Global X Guru Index ETF during the second quarter worth about $181,000. Fulcrum Equity Management bought a new stake in Global X Guru Index ETF during the fourth quarter worth about $258,000. Finally, IFP Advisors Inc raised its holdings in Global X Guru Index ETF by 2.2% during the third quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock worth $840,000 after acquiring an additional 309 shares in the last quarter.

Global X Guru Index ETF Stock Down 0.3%

Shares of GURU traded down $0.21 on Tuesday, hitting $67.42. The company’s stock had a trading volume of 1,892 shares, compared to its average volume of 1,642. The firm’s fifty day moving average price is $63.45 and its 200-day moving average price is $62.50. Global X Guru Index ETF has a fifty-two week low of $51.49 and a fifty-two week high of $67.90. The firm has a market capitalization of $61.35 million, a price-to-earnings ratio of 21.69 and a beta of 1.00.

Global X Guru Index ETF Company Profile

The Global X Guru Index ETF (GURU) is an exchange-traded fund that is based on the Solactive Guru index. The fund tracks an equal-weighted index that attempts to mimic concentrated equity positions taken by large hedge funds, as reported in public filings. GURU was launched on Jun 4, 2012 and is managed by Global X.