Global X Guru Index ETF (NYSEARCA:GURU) Trading 0.6% Higher – Here’s What Happened

Global X Guru Index ETF (NYSEARCA:GURU)’s stock price shot up 0.6% during mid-day trading on Friday . The stock traded as high as $51.51 and last traded at $51.34. 896 shares traded hands during trading, a decline of 70% from the average session volume of 2,945 shares. The stock had previously closed at $51.04.

Global X Guru Index ETF Stock Performance

The firm has a market capitalization of $50.31 million, a PE ratio of 15.97 and a beta of 1.00. The firm’s 50-day moving average is $51.39 and its 200 day moving average is $47.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Guru Index ETF stock. JPMorgan Chase & Co. boosted its position in Global X Guru Index ETF (NYSEARCA:GURU) by 14,285.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,007 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of Global X Guru Index ETF worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

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.