Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Strong Trading Volume – Still a Buy?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares saw an uptick in trading volume on Thursday . 271,496 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 240,269 shares.The stock last traded at $94.02 and had previously closed at $94.66.

Global X MSCI Argentina ETF Price Performance

The company has a market capitalization of $817.69 million, a price-to-earnings ratio of 13.65 and a beta of 1.08. The stock has a 50 day simple moving average of $91.18 and a two-hundred day simple moving average of $88.19.

Institutional Trading of Global X MSCI Argentina ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in Global X MSCI Argentina ETF by 37.1% in the third quarter. Geneos Wealth Management Inc. now owns 665 shares of the company’s stock valued at $46,000 after buying an additional 180 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in Global X MSCI Argentina ETF by 3.8% during the 3rd quarter. Contravisory Investment Management Inc. now owns 5,911 shares of the company’s stock worth $412,000 after acquiring an additional 214 shares in the last quarter. Legacy Capital Group California Inc. raised its stake in Global X MSCI Argentina ETF by 3.8% during the 3rd quarter. Legacy Capital Group California Inc. now owns 5,856 shares of the company’s stock worth $409,000 after acquiring an additional 214 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Global X MSCI Argentina ETF by 7.4% during the 4th quarter. DAVENPORT & Co LLC now owns 4,078 shares of the company’s stock worth $373,000 after acquiring an additional 280 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Global X MSCI Argentina ETF during the 2nd quarter worth $53,000.

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.