Global X Guru Index ETF (NYSEARCA:GURU) Sees Large Increase in Short Interest

by · The Cerbat Gem

Global X Guru Index ETF (NYSEARCA:GURU – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,053 shares, an increase of 173.5% from the July 30th total of 385 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,975 shares, the short-interest ratio is presently 0.4 days.

Global X Guru Index ETF Stock Down 1.2%

NYSEARCA GURU traded down $0.83 during mid-day trading on Friday, hitting $70.12. The stock had a trading volume of 624 shares, compared to its average volume of 1,535. The company has a market cap of $63.81 million, a price-to-earnings ratio of 21.69 and a beta of 1.00. Global X Guru Index ETF has a 52-week low of $56.96 and a 52-week high of $71.08. The company has a 50 day simple moving average of $69.05 and a 200 day simple moving average of $65.22.

Institutional Investors Weigh In On Global X Guru Index ETF

A number of large investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in Global X Guru Index ETF by 4.3% during the 4th quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock valued at $1,089,000 after acquiring an additional 715 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Global X Guru Index ETF in the third quarter valued at approximately $37,000. Raymond James Financial Inc. grew its position in shares of Global X Guru Index ETF by 45.1% in the third quarter. Raymond James Financial Inc. now owns 4,905 shares of the company’s stock valued at $292,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in shares of Global X Guru Index ETF during the 1st quarter worth approximately $51,000.

About Global X Guru Index ETF

(Get Free Report)

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.

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