GREK Stock Summary and Trading Ideas (Global X MSCI Greece ETF | ARCA:GREK)

The Global X MSCI Greece ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index. The MSCI All Greece Select 25/50 Index is designed to represent the performance of the broad Greece equity universe, while including a minimum number of constituents. The Broad Greece Equity Universe includes securities that are classified in Greece according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Greece and carry out the majority of their operations in Greece. Further, the Index only includes securities with a minimum liquidity threshold of USD 25,000,000 average daily traded value, subject to 15 constituents being included in the Index. If not, securities are added in the decreasing order of average daily traded value until 15 securities are selected. The index targets a minimum of 15 securities at construction.

Global X MSCI Greece ETF trades on the ARCA stock market under the symbol GREK.

As of April 18, 2024, GREK stock price climbed to $38.49 with 26,868 million shares trading.

GREK has a beta of 0.72, meaning it tends to be less sensitive to market movements. GREK has a correlation of 0.21 to the broad based SPY ETF.

GREK has a market cap of $186.89 million. This is considered a Micro Cap stock.

In the last 3 years, GREK stock traded as high as $41.16 and as low as $20.74.

GREK has outperformed the market in the last year with a price return of +23.3% while the SPY ETF gained +22.3%. However, in the short term, GREK had mixed performance relative to the market. It has underperformed in the last 3 months, returning +1.1% vs +6.1% return in SPY. But in the last 2 weeks, GREK shares have fared better than the market returning -1.9% compared to SPY -3.8%.

GREK support price is $37.38 and resistance is $38.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GREK stock will trade within this expected range on the day.