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

Global X Guru Index ETF (NYSEARCA:GURU) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,313 shares, an increase of 119.7% from the August 15th total of 1,053 shares. Based on an average daily volume of 914 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Global X Guru Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Global X Guru Index ETF in the 3rd quarter valued at $37,000. Jones Financial Companies Lllp purchased a new position in shares of Global X Guru Index ETF in the 1st quarter valued at $51,000. Raymond James Financial Inc. acquired a new stake in Global X Guru Index ETF during the 2nd quarter worth $181,000. Citadel Advisors LLC lifted its position in Global X Guru Index ETF by 54.3% in the second quarter. Citadel Advisors LLC now owns 7,326 shares of the company’s stock valued at $513,000 after acquiring an additional 2,579 shares during the last quarter. Finally, LPL Financial LLC lifted its position in Global X Guru Index ETF by 4.3% in the fourth 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 during the last quarter.

Global X Guru Index ETF Stock Down 0.6%

Global X Guru Index ETF stock traded down $0.44 during midday trading on Monday, reaching $68.61. The company’s stock had a trading volume of 592 shares, compared to its average volume of 1,500. The company has a market cap of $62.44 million, a P/E ratio of 21.69 and a beta of 0.99. The business has a 50-day simple moving average of $69.17 and a 200-day simple moving average of $65.82. Global X Guru Index ETF has a fifty-two week low of $56.96 and a fifty-two week high of $71.08.

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.