Global X Thematic Growth ETF (NASDAQ:GXTG) Shares Down 2.4% – What’s Next?

Global X Thematic Growth ETF (NASDAQ:GXTG)’s share price dropped 2.4% during mid-day trading on Wednesday . The company traded as low as $23.8951 and last traded at $23.8951. 23 shares traded hands during trading, a decline of 99% from the average session volume of 4,021 shares. The stock had previously closed at $24.4910.

Global X Thematic Growth ETF Stock Down 0.8%

The firm has a market capitalization of $11.14 million, a P/E ratio of 26.08 and a beta of 1.23. The company’s 50 day moving average is $24.33 and its 200-day moving average is $25.24.

Hedge Funds Weigh In On Global X Thematic Growth ETF

An institutional investor recently raised its position in Global X Thematic Growth ETF stock. Osaic Holdings Inc. increased its position in Global X Thematic Growth ETF (NASDAQ:GXTG) by 35.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,375 shares of the company’s stock after buying an additional 1,136 shares during the period. Osaic Holdings Inc. owned 0.93% of Global X Thematic Growth ETF worth $99,000 at the end of the most recent reporting period.

Global X Thematic Growth ETF Company Profile

The Global X Thematic Growth ETF (GXTG) is an exchange-traded fund that is based on the Solactive Thematic Growth index. The fund is a passively managed fund-of-funds providing global equity exposure todisruptive-growth trends. Selectionisbased ona quantitativemethodologyemphasizingrealized sales growth. GXTG was launched on Oct 25, 2019 and is managed by Global X.