Short Interest in Global X Guru Index ETF (NYSEARCA:GURU) Declines By 40.7%

Global X Guru Index ETF (NYSEARCA:GURU) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 385 shares, a drop of 40.7% from the July 15th total of 649 shares. Based on an average trading volume of 1,167 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Global X Guru Index ETF Trading Down 1.2%

Shares of NYSEARCA GURU traded down $0.84 during mid-day trading on Tuesday, hitting $69.93. The company had a trading volume of 635 shares, compared to its average volume of 1,575. Global X Guru Index ETF has a 1 year low of $55.80 and a 1 year high of $71.08. The company has a market capitalization of $63.64 million, a price-to-earnings ratio of 21.69 and a beta of 1.00. The stock’s 50-day moving average price is $68.52 and its 200-day moving average price is $64.74.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GURU. Raymond James Financial Inc. purchased a new stake in shares of Global X Guru Index ETF in the second quarter worth about $181,000. Jones Financial Companies Lllp purchased a new position in Global X Guru Index ETF during the first quarter valued at approximately $51,000. LPL Financial LLC increased its holdings in 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 period. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Global X Guru Index ETF during the 3rd quarter worth approximately $37,000.

About Global X Guru Index ETF

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.