Global X MSCI Argentina ETF (NYSEARCA:ARGT) Sees Large Volume Increase – Still a Buy?

Shares of Global X MSCI Argentina ETF (NYSEARCA:ARGT) saw strong trading volume on Monday . 189,178 shares traded hands 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 Stock Down 4.5 %

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Copia Wealth Management purchased a new stake in Global X MSCI Argentina ETF during the fourth quarter valued at approximately $241,000. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Global X MSCI Argentina ETF by 12.0% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 5,600 shares of the company’s stock valued at $463,000 after purchasing an additional 600 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Global X MSCI Argentina ETF during the 4th quarter valued at $24,801,000. Tidal Investments LLC boosted its position in shares of Global X MSCI Argentina ETF by 121.4% in the 4th quarter. Tidal Investments LLC now owns 24,934 shares of the company’s stock worth $2,061,000 after purchasing an additional 13,671 shares in the last quarter. Finally, Sona Asset Management US LLC purchased a new position in Global X MSCI Argentina ETF during the 4th quarter worth $2,067,000.

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.