Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Large Drop in Short Interest

Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 495,911 shares, a drop of 22.5% from the February 26th total of 639,717 shares. Approximately 5.6% of the shares of the company are sold short. Based on an average daily trading volume, of 202,629 shares, the days-to-cover ratio is presently 2.4 days.

Global X MSCI Argentina ETF Stock Performance

Shares of ARGT opened at $87.42 on Friday. Global X MSCI Argentina ETF has a 52 week low of $66.49 and a 52 week high of $103.97. The firm has a market cap of $780.66 million, a P/E ratio of 13.65 and a beta of 1.10. The firm’s 50-day simple moving average is $91.84 and its 200 day simple moving average is $87.01.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of institutional investors have recently made changes to their positions in ARGT. Morgan Stanley grew its position in shares of Global X MSCI Argentina ETF by 245.5% in the fourth quarter. Morgan Stanley now owns 582,126 shares of the company’s stock valued at $53,212,000 after purchasing an additional 413,659 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Global X MSCI Argentina ETF by 1,074.1% in the second quarter. Marshall Wace LLP now owns 230,361 shares of the company’s stock valued at $19,518,000 after acquiring an additional 210,741 shares in the last quarter. Breakout Capital Partners LP bought a new position in Global X MSCI Argentina ETF during the second quarter worth about $16,336,000. UBS Group AG raised its stake in Global X MSCI Argentina ETF by 1,810.3% in the 3rd quarter. UBS Group AG now owns 135,519 shares of the company’s stock worth $9,454,000 after purchasing an additional 128,425 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Global X MSCI Argentina ETF in the 2nd quarter worth about $5,920,000.

About Global X MSCI Argentina ETF

The Global X MSCI Argentina ETF (ARGT) is an exchange-traded fund that is based on the MSCI All Argentina 25\u002F50 index. The fund tracks a narrow index of companies with Argentine economic linkages that are selected and weighted by market cap. ARGT was launched on Mar 2, 2011 and is managed by Global X.