Global X Guru Index ETF (NYSEARCA:GURU) Short Interest Down 57.4% in June

Global X Guru Index ETF (NYSEARCA:GURU) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 380 shares, a decline of 57.4% from the May 31st total of 891 shares. Based on an average daily trading volume, of 1,499 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Global X Guru Index ETF Price Performance

Shares of NYSEARCA:GURU traded up $0.69 on Tuesday, hitting $70.04. The company’s stock had a trading volume of 990 shares, compared to its average volume of 1,558. The company has a market capitalization of $63.74 million, a PE ratio of 21.69 and a beta of 1.00. The company has a 50-day simple moving average of $66.25 and a 200 day simple moving average of $63.29. Global X Guru Index ETF has a 1 year low of $53.24 and a 1 year high of $70.14.

Hedge Funds Weigh In On Global X Guru Index ETF

Institutional investors have recently made changes to their positions in the stock. LPL Financial LLC lifted its holdings in shares of Global X Guru Index ETF by 4.3% during the 4th quarter. LPL Financial LLC now owns 17,423 shares of the company’s stock worth $1,089,000 after acquiring an additional 715 shares during the last quarter. Fulcrum Equity Management purchased a new position in shares of Global X Guru Index ETF in the 4th quarter worth about $258,000. IFP Advisors Inc increased its position in shares of Global X Guru Index ETF by 2.2% during the 3rd quarter. IFP Advisors Inc now owns 14,103 shares of the company’s stock valued at $840,000 after purchasing an additional 309 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Global X Guru Index ETF during the 3rd quarter valued at about $37,000. Finally, Raymond James Financial Inc. lifted its position in Global X Guru Index ETF by 45.1% in the 3rd quarter. Raymond James Financial Inc. now owns 4,905 shares of the company’s stock worth $292,000 after buying an additional 1,524 shares during the last quarter.

Global X Guru Index ETF Company Profile

The Global X Guru Index ETF (GURU) is an exchange-traded fund that is based on the Solactive Guru index. The fund tracks an equal-weighted index that attempts to mimic concentrated equity positions taken by large hedge funds, as reported in public filings. GURU was launched on Jun 4, 2012 and is managed by Global X.