Global X MSCI Greece ETF (NYSEARCA:GREK) Sees Significant Growth in Short Interest

Global X MSCI Greece ETF (NYSEARCA:GREK) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 159,617 shares, an increase of 121.7% from the November 30th total of 72,006 shares. Based on an average daily volume of 88,379 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.5% of the shares of the company are short sold. Approximately 3.5% of the shares of the company are short sold. Based on an average daily volume of 88,379 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On Global X MSCI Greece ETF

A number of hedge funds have recently modified their holdings of the stock. Jordan Park Group LLC grew its holdings in Global X MSCI Greece ETF by 73.1% during the third quarter. Jordan Park Group LLC now owns 197,396 shares of the exchange traded fund’s stock valued at $12,712,000 after purchasing an additional 83,385 shares during the period. UBS Group AG lifted its position in shares of Global X MSCI Greece ETF by 1,244.1% during the 3rd quarter. UBS Group AG now owns 153,480 shares of the exchange traded fund’s stock valued at $9,884,000 after buying an additional 142,061 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Global X MSCI Greece ETF during the 2nd quarter worth $4,721,000. Arlington Capital Management Inc. grew its stake in shares of Global X MSCI Greece ETF by 0.6% during the 3rd quarter. Arlington Capital Management Inc. now owns 78,477 shares of the exchange traded fund’s stock worth $5,054,000 after acquiring an additional 454 shares during the period. Finally, Sepio Capital LP raised its stake in Global X MSCI Greece ETF by 2.5% in the 1st quarter. Sepio Capital LP now owns 78,237 shares of the exchange traded fund’s stock valued at $3,675,000 after acquiring an additional 1,902 shares during the period.

Global X MSCI Greece ETF Stock Up 0.7%

NYSEARCA GREK traded up $0.45 during trading hours on Friday, reaching $68.61. 38,162 shares of the company were exchanged, compared to its average volume of 76,244. The stock has a market capitalization of $310.80 million, a P/E ratio of 10.65 and a beta of 0.89. Global X MSCI Greece ETF has a 1 year low of $38.69 and a 1 year high of $69.00. The business’s 50 day simple moving average is $65.08 and its 200-day simple moving average is $63.36.

Global X MSCI Greece ETF Company Profile

The Global X MSCI Greece ETF (GREK) is an exchange-traded fund that is based on the MSCI All Greece Select 25-50 index, a market-cap-weighted index of about 15 Greek firms. GREK was launched on Dec 7, 2011 and is managed by Global X.