May 08, 2013 at 18:37 PM EDT
Greek ETF Surges 5.5%; Is This Recovery For Real?
Global X FTSE Greece 20 ETF (GREK) -- the only U.S.-traded ETF tracking the Mediterranean country -- soared 5.47% Wednesday to 19.49, an 11-week high. The gain came after a five-day holiday stock market break in observance of Easter and May Day. National Bank of Greece (NBG), weighted 7% in the ETF, led gains in the portfolio. It vaulted 18% to 1.19 in more-than-double average volume. Low-priced stocks, however, are very volatile especially when
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