Short Interest in Global X Guru Index ETF (NYSEARCA:GURU) Drops By 61.1%

Global X Guru Index ETF (NYSEARCA:GURU) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,560 shares, a decline of 61.1% from the January 15th total of 4,008 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,021 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 3,021 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Global X Guru Index ETF

A number of large investors have recently made changes to their positions in GURU. Northwestern Mutual Wealth Management Co. purchased a new position in Global X Guru Index ETF during the 3rd quarter worth $37,000. Jones Financial Companies Lllp purchased a new stake in shares of Global X Guru Index ETF during the first quarter worth about $51,000. Raymond James Financial Inc. acquired a new position in shares of Global X Guru Index ETF during the second quarter valued at about $181,000. Fulcrum Equity Management purchased a new position in shares of Global X Guru Index ETF in the 4th quarter valued at approximately $258,000. Finally, IFP Advisors Inc purchased a new position in shares of Global X Guru Index ETF in the 2nd quarter valued at approximately $740,000.

Global X Guru Index ETF Stock Performance

Shares of GURU opened at $62.08 on Wednesday. The company has a 50 day moving average price of $62.69 and a 200-day moving average price of $60.43. Global X Guru Index ETF has a fifty-two week low of $41.57 and a fifty-two week high of $64.35. The stock has a market capitalization of $57.73 million, a PE ratio of 21.69 and a beta of 1.03.

Global X Guru Index ETF Company Profile

The Global X Guru Index ETF (GURU) is an exchange-traded fund that is based on the Solactive Guru index. The fund tracks an equal-weighted index that attempts to mimic concentrated equity positions taken by large hedge funds, as reported in public filings. GURU was launched on Jun 4, 2012 and is managed by Global X.