Global X Gold Explorers ETF (NYSEARCA:GOEX) Short Interest Up 518.3% in July

Global X Gold Explorers ETF (NYSEARCA:GOEX) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,405 shares, a growth of 518.3% from the June 30th total of 389 shares. Based on an average trading volume of 7,394 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Global X Gold Explorers ETF

A number of institutional investors have recently modified their holdings of GOEX. NewEdge Advisors LLC purchased a new position in Global X Gold Explorers ETF during the second quarter valued at approximately $4,872,000. Raymond James Financial Inc. purchased a new stake in Global X Gold Explorers ETF in the 2nd quarter worth approximately $158,000. Jane Street Group LLC purchased a new stake in Global X Gold Explorers ETF in the 2nd quarter worth approximately $462,000. Virtu Financial LLC bought a new position in Global X Gold Explorers ETF in the 3rd quarter valued at $564,000. Finally, Citadel Advisors LLC bought a new position in Global X Gold Explorers ETF in the 3rd quarter valued at $822,000.

Global X Gold Explorers ETF Stock Performance

NYSEARCA GOEX traded down $0.18 during trading on Friday, hitting $69.80. 487 shares of the company’s stock traded hands, compared to its average volume of 30,478. The stock has a market capitalization of $106.10 million, a price-to-earnings ratio of 20.37 and a beta of 0.85. Global X Gold Explorers ETF has a 12-month low of $43.03 and a 12-month high of $110.19. The business has a 50 day moving average of $73.14 and a 200-day moving average of $84.58.

Global X Gold Explorers ETF Company Profile

The Global X Gold Explorers ETF (GOEX) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of global stocks in the gold mining industry as an explorer or developer. GOEX was launched on Nov 3, 2010 and is managed by Global X.