Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Large Volume Increase – Here’s Why

Shares of Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw strong trading volume on Monday . 189,178 shares were traded during trading, a decline of 22% from the previous session’s volume of 243,133 shares.The stock last traded at $79.35 and had previously closed at $82.16.

Global X MSCI Argentina ETF Price Performance

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 17.21 and a beta of 1.32. The firm’s fifty day moving average is $85.47 and its two-hundred day moving average is $78.09.

Institutional Investors Weigh In On Global X MSCI Argentina ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in shares of Global X MSCI Argentina ETF in the 3rd quarter worth $35,000. Arizona PSPRS Trust bought a new stake in Global X MSCI Argentina ETF in the third quarter worth about $1,737,000. Hilltop Holdings Inc. acquired a new stake in Global X MSCI Argentina ETF in the 3rd quarter valued at about $770,000. Integrated Wealth Concepts LLC boosted its position in shares of Global X MSCI Argentina ETF by 5.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 50,265 shares of the company’s stock valued at $3,333,000 after purchasing an additional 2,396 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its stake in shares of Global X MSCI Argentina ETF by 31.6% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 5,000 shares of the company’s stock worth $332,000 after purchasing an additional 1,200 shares during the last quarter.

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.