Global X Cannabis ETF (NASDAQ:POTX – Get Rating)’s stock price was up 1.9% on Friday . The stock traded as high as $8.68 and last traded at $8.59. Approximately 10,939 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 26,531 shares. The stock had previously closed at $8.43.
Global X Cannabis ETF Trading Up 1.9 %
The stock has a market capitalization of $36.94 million, a P/E ratio of -0.91 and a beta of 1.56. The company’s 50-day moving average is $8.40 and its two-hundred day moving average is $9.76.
Institutional Trading of Global X Cannabis ETF
Several hedge funds have recently bought and sold shares of POTX. UBS Group AG raised its position in shares of Global X Cannabis ETF by 5,250.0% during the 4th quarter. UBS Group AG now owns 2,675 shares of the company’s stock worth $30,000 after buying an additional 2,625 shares in the last quarter. TCP Asset Management LLC bought a new stake in shares of Global X Cannabis ETF in the 1st quarter worth approximately $91,000. Envestnet Asset Management Inc. bought a new stake in shares of Global X Cannabis ETF in the 1st quarter worth approximately $57,000. Commonwealth Equity Services LLC raised its holdings in shares of Global X Cannabis ETF by 15.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,965 shares of the company’s stock worth $163,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Colony Group LLC bought a new stake in shares of Global X Cannabis ETF in the 2nd quarter worth approximately $236,000.
Global X Cannabis ETF Company Profile
The Global X Cannabis ETF (POTX) is an exchange-traded fund that is based on the Cannabis index. The fund tracks an index of developed market companies related to cannabis, hemp & CBD. POTX was launched on Sep 17, 2019 and is managed by Global X.
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