Global X Thematic Growth ETF (NASDAQ:GXTG) Shares Down 2.4% – Here’s Why

Shares of Global X Thematic Growth ETF (NASDAQ:GXTG) dropped 2.4% on Wednesday . The company traded as low as $23.8951 and last traded at $23.8951. 23 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 4,021 shares. The stock had previously closed at $24.4910.

Global X Thematic Growth ETF Trading Down 2.4%

The stock has a market capitalization of $11.23 million, a price-to-earnings ratio of 26.08 and a beta of 1.23. The company has a fifty day moving average of $24.39 and a two-hundred day moving average of $25.24.

Institutional Trading of Global X Thematic Growth ETF

An institutional investor recently raised its stake in Global X Thematic Growth ETF stock. Osaic Holdings Inc. raised its holdings in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,375 shares of the company’s stock after buying an additional 1,136 shares during the quarter. Osaic Holdings Inc. owned 0.93% of Global X Thematic Growth ETF worth $99,000 at the end of the most recent quarter.

About Global X Thematic Growth ETF

The Global X Thematic Growth ETF (GXTG) is an exchange-traded fund that is based on the Solactive Thematic Growth index. The fund is a passively managed fund-of-funds providing global equity exposure todisruptive-growth trends. Selectionisbased ona quantitativemethodologyemphasizingrealized sales growth. GXTG was launched on Oct 25, 2019 and is managed by Global X.