Global X MSCI Greece ETF (NYSEARCA:GREK) Sees Large Increase in Short Interest

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

Global X MSCI Greece ETF Stock Performance

Shares of NYSEARCA:GREK opened at $68.61 on Friday. The business’s fifty day moving average price is $65.08 and its two-hundred day moving average price is $63.32. The stock has a market cap of $310.80 million, a PE ratio of 10.65 and a beta of 0.89. Global X MSCI Greece ETF has a one year low of $38.69 and a one year high of $69.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jordan Park Group LLC boosted its stake in shares of Global X MSCI Greece ETF by 73.1% during the 3rd quarter. Jordan Park Group LLC now owns 197,396 shares of the exchange traded fund’s stock worth $12,712,000 after purchasing an additional 83,385 shares during the last quarter. UBS Group AG raised its position in shares of Global X MSCI Greece ETF by 1,244.1% in the third 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. purchased a new position in shares of Global X MSCI Greece ETF during the second quarter valued at approximately $4,721,000. Arlington Capital Management Inc. boosted its position in Global X MSCI Greece ETF by 0.6% during the third 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 last quarter. Finally, Sepio Capital LP grew 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 worth $3,675,000 after acquiring an additional 1,902 shares during the period.

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.