Global X MSCI Argentina ETF (NYSEARCA:ARGT) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Global X MSCI Argentina ETF (NYSEARCA:ARGT) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $73.59 and traded as high as $83.59. Global X MSCI Argentina ETF shares last traded at $83.29, with a volume of 172,310 shares.

Global X MSCI Argentina ETF Price Performance

The firm’s 50-day simple moving average is $73.59 and its two-hundred day simple moving average is $64.95. The company has a market capitalization of $309.01 million, a price-to-earnings ratio of 15.89 and a beta of 1.20.

Hedge Funds Weigh In On Global X MSCI Argentina ETF

Several hedge funds have recently bought and sold shares of ARGT. Duquesne Family Office LLC grew its position in shares of Global X MSCI Argentina ETF by 45.4% in the second quarter. Duquesne Family Office LLC now owns 282,000 shares of the company’s stock valued at $16,020,000 after purchasing an additional 88,100 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Global X MSCI Argentina ETF by 848.0% during the second quarter. Marshall Wace LLP now owns 109,034 shares of the company’s stock valued at $6,194,000 after buying an additional 97,533 shares during the period. Good Life Advisors LLC boosted its position in Global X MSCI Argentina ETF by 102.6% during the third quarter. Good Life Advisors LLC now owns 69,338 shares of the company’s stock worth $4,597,000 after acquiring an additional 35,118 shares during the last quarter. Bricktown Capital LLC purchased a new stake in Global X MSCI Argentina ETF in the 2nd quarter worth approximately $2,908,000. Finally, Integrated Wealth Concepts LLC raised its holdings in Global X MSCI Argentina ETF by 5.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 50,265 shares of the company’s stock valued at $3,333,000 after acquiring an additional 2,396 shares during the last quarter.

Global X MSCI Argentina ETF Company Profile

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.