Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Unusually-High Trading Volume – Should You Buy?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares saw unusually-high trading volume on Thursday . 159,488 shares changed hands during trading, a decline of 37% from the previous session’s volume of 253,492 shares.The stock last traded at $89.70 and had previously closed at $90.73.

Global X MSCI Argentina ETF Price Performance

The stock has a market cap of $895.65 million, a PE ratio of 13.65 and a beta of 0.96. The stock’s fifty day moving average is $93.00 and its 200-day moving average is $92.37.

Institutional Trading of Global X MSCI Argentina ETF

Several hedge funds have recently made changes to their positions in ARGT. Tower Research Capital LLC TRC acquired a new stake in shares of Global X MSCI Argentina ETF during the 2nd quarter worth approximately $53,000. Cassaday & Co Wealth Management LLC acquired a new position in Global X MSCI Argentina ETF in the first quarter valued at approximately $65,000. Kestra Advisory Services LLC purchased a new position in Global X MSCI Argentina ETF in the fourth quarter worth approximately $97,000. Triumph Capital Management purchased a new position in Global X MSCI Argentina ETF in the third quarter worth approximately $102,000. Finally, Riggs Asset Managment Co. Inc. increased its stake in Global X MSCI Argentina ETF by 1,977.8% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,309 shares of the company’s stock worth $111,000 after acquiring an additional 1,246 shares during the last quarter.

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.