Global X MSCI Greece ETF (NYSEARCA:GREK) Sees Large Drop in Short Interest

Global X MSCI Greece ETF (NYSEARCA:GREK) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 166,967 shares, a decline of 36.9% from the June 30th total of 264,445 shares. Based on an average daily trading volume, of 121,518 shares, the days-to-cover ratio is currently 1.4 days. Currently, 4.5% of the shares of the stock are sold short.

Global X MSCI Greece ETF Trading Up 2.8%

Global X MSCI Greece ETF stock traded up $2.19 during mid-day trading on Thursday, hitting $80.71. The stock had a trading volume of 79,199 shares, compared to its average volume of 118,791. Global X MSCI Greece ETF has a one year low of $60.00 and a one year high of $80.71. The firm has a market capitalization of $301.86 million, a P/E ratio of 10.65 and a beta of 0.70. The firm’s 50 day moving average is $75.46 and its 200 day moving average is $71.67.

Hedge Funds Weigh In On Global X MSCI Greece ETF

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Global X MSCI Greece ETF during the second quarter worth about $223,000. Jane Street Group LLC bought a new stake in Global X MSCI Greece ETF during the 2nd quarter valued at approximately $1,976,000. Bank of America Corp DE lifted its holdings in Global X MSCI Greece ETF by 264.6% in the 2nd quarter. Bank of America Corp DE now owns 1,688 shares of the exchange traded fund’s stock worth $98,000 after purchasing an additional 1,225 shares in the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in Global X MSCI Greece ETF in the 2nd quarter worth approximately $134,000. Finally, Osaic Holdings Inc. boosted its stake in Global X MSCI Greece ETF by 79.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,915 shares of the exchange traded fund’s stock worth $691,000 after purchasing an additional 5,271 shares during the period.

About Global X MSCI Greece ETF

The Global X MSCI Greece ETF (GREK) is an exchange-traded fund that is based on the MSCI All Greece Select 25-50 index, a market-cap-weighted index of about 15 Greek firms. GREK was launched on Dec 7, 2011 and is managed by Global X.