Global X Guru Index ETF (NYSEARCA:GURU) Short Interest Down 57.4% in June

Global X Guru Index ETF (NYSEARCA:GURU) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 380 shares, a drop of 57.4% from the May 31st total of 891 shares. Based on an average daily trading volume, of 1,499 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GURU. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Global X Guru Index ETF during the 3rd quarter valued at about $37,000. Jones Financial Companies Lllp acquired a new position in Global X Guru Index ETF in the first quarter valued at approximately $51,000. Raymond James Financial Inc. acquired a new position in Global X Guru Index ETF in the second quarter valued at approximately $181,000. Fulcrum Equity Management bought a new position in shares of Global X Guru Index ETF during the 4th quarter worth approximately $258,000. Finally, IFP Advisors Inc boosted its holdings in shares of Global X Guru Index ETF by 2.2% during the 3rd quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock worth $840,000 after buying an additional 309 shares in the last quarter.

Global X Guru Index ETF Trading Down 0.3%

GURU stock traded down $0.18 during midday trading on Wednesday, hitting $69.86. The stock had a trading volume of 2,062 shares, compared to its average volume of 1,561. The firm has a market cap of $63.57 million, a P/E ratio of 21.69 and a beta of 1.00. Global X Guru Index ETF has a 1-year low of $53.24 and a 1-year high of $70.14. The business has a fifty day moving average price of $66.25 and a two-hundred day moving average price of $63.29.

About Global X Guru Index ETF

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.