Global X MSCI Argentina ETF (NYSEARCA:ARGT) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Global X MSCI Argentina ETF (NYSEARCA:ARGT)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $92.77 and traded as low as $91.01. Global X MSCI Argentina ETF shares last traded at $91.45, with a volume of 572,975 shares traded.

Global X MSCI Argentina ETF Trading Up 0.4%

The stock has a market cap of $839.51 million, a P/E ratio of 13.65 and a beta of 0.97. The stock’s 50-day moving average is $92.77 and its 200-day moving average is $92.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC lifted its holdings in shares of Global X MSCI Argentina ETF by 6,938.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 40,965 shares of the company’s stock worth $3,745,000 after buying an additional 40,383 shares during the last quarter. Varma Mutual Pension Insurance Co acquired a new stake in shares of Global X MSCI Argentina ETF in the fourth quarter worth $5,905,000. Bank Julius Baer & Co. Ltd Zurich increased its position in Global X MSCI Argentina ETF by 3.8% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 311,469 shares of the company’s stock worth $28,471,000 after acquiring an additional 11,279 shares during the period. City of London Investment Management Co. Ltd. raised its stake in Global X MSCI Argentina ETF by 20.6% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 41,500 shares of the company’s stock valued at $2,895,000 after purchasing an additional 7,100 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Global X MSCI Argentina ETF in the 3rd quarter valued at $737,000.

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.