Global X Thematic Growth ETF (NASDAQ:GXTG) Trading Down 0.5% – Here’s What Happened

Global X Thematic Growth ETF (NASDAQ:GXTG) was down 0.5% on Thursday . The stock traded as low as $25.76 and last traded at $25.7632. Approximately 705 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 4,021 shares. The stock had previously closed at $25.8984.

Global X Thematic Growth ETF Stock Down 0.5%

The company’s 50-day moving average price is $25.08 and its 200-day moving average price is $26.20. The firm has a market cap of $12.11 million, a price-to-earnings ratio of 26.08 and a beta of 1.23.

Hedge Funds Weigh In On Global X Thematic Growth ETF

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

About Global X Thematic Growth ETF

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.