Global X Thematic Growth ETF (NASDAQ:GXTG) Stock Price Down 0.6% – Time to Sell?

Shares of Global X Thematic Growth ETF (NASDAQ:GXTG) dropped 0.6% on Monday . The stock traded as low as $23.1012 and last traded at $23.1012. Approximately 434 shares traded hands during trading, a decline of 89% from the average daily volume of 4,021 shares. The stock had previously closed at $23.2461.

Global X Thematic Growth ETF Price Performance

The stock’s fifty day simple moving average is $24.40 and its two-hundred day simple moving average is $25.67. The company has a market capitalization of $10.86 million, a price-to-earnings ratio of 26.08 and a beta of 1.23.

Institutional Investors Weigh In On Global X Thematic Growth ETF

An institutional investor recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. increased its holdings in shares of Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & 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 approximately 0.93% of Global X Thematic Growth ETF worth $99,000 at the end of the most recent quarter.

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.