Global X Guru Index ETF (NYSEARCA:GURU) Trading 0.6% Higher – Should You Buy?

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

Global X Guru Index ETF Trading Up 0.6 %

The firm’s fifty day simple moving average is $51.39 and its two-hundred day simple moving average is $47.96. The company has a market capitalization of $50.31 million, a price-to-earnings ratio of 15.97 and a beta of 1.00.

Hedge Funds Weigh In On Global X Guru Index ETF

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

Global X Guru Index ETF Company Profile

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.