Global X Thematic Growth ETF (NASDAQ:GXTG) Trading 1.7% Higher – Still a Buy?

Global X Thematic Growth ETF (NASDAQ:GXTG)’s share price shot up 1.7% during trading on Tuesday . The company traded as high as $27.71 and last traded at $27.5129. 11,163 shares were traded during mid-day trading, an increase of 178% from the average session volume of 4,021 shares. The stock had previously closed at $27.0609.

Global X Thematic Growth ETF Stock Up 1.7%

The firm has a market capitalization of $12.93 million, a PE ratio of 26.08 and a beta of 1.23. The stock has a 50-day moving average price of $26.80 and a 200 day moving average price of $25.23.

Institutional Trading of Global X Thematic Growth ETF

An institutional investor recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. grew its holdings in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,375 shares of the company’s stock after buying 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 SEC filing.

Global X Thematic Growth ETF Company Profile

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.