Global X Thematic Growth ETF (NASDAQ:GXTG) Trading 4.2% Higher – Time to Buy?

Shares of Global X Thematic Growth ETF (NASDAQ:GXTG) traded up 4.2% on Wednesday . The company traded as high as $24.2701 and last traded at $24.2398. Approximately 335 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 4,021 shares. The stock had previously closed at $23.2570.

Global X Thematic Growth ETF Stock Up 4.2%

The stock has a market capitalization of $11.39 million, a price-to-earnings ratio of 26.08 and a beta of 1.23. The business’s 50-day moving average is $27.19 and its two-hundred day moving average is $25.48.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. grew its stake in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,375 shares of the company’s stock after purchasing an additional 1,136 shares during the period. Osaic Holdings Inc. owned approximately 0.93% of Global X Thematic Growth ETF worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Global X Thematic Growth ETF Company Profile

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.