Global X Gold Explorers ETF (NYSEARCA:GOEX) Short Interest Update

Global X Gold Explorers ETF (NYSEARCA:GOEX) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 8,184 shares, an increase of 90.1% from the August 15th total of 4,305 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 24,139 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Global X Gold Explorers ETF

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in shares of Global X Gold Explorers ETF by 7.5% in the 1st quarter. NewEdge Advisors LLC now owns 147,094 shares of the company’s stock valued at $12,449,000 after acquiring an additional 10,263 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Global X Gold Explorers ETF by 13.5% during the 1st quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock valued at $480,000 after acquiring an additional 675 shares in the last quarter. Kestra Advisory Services LLC grew its position in Global X Gold Explorers ETF by 201.8% during the 1st quarter. Kestra Advisory Services LLC now owns 4,086 shares of the company’s stock worth $346,000 after acquiring an additional 2,732 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Global X Gold Explorers ETF by 55.6% during the 1st quarter. International Assets Investment Management LLC now owns 1,400 shares of the company’s stock worth $125,000 after acquiring an additional 500 shares during the last quarter.

Global X Gold Explorers ETF Stock Down 0.3%

Shares of GOEX stock traded down $0.28 on Tuesday, reaching $86.82. The company had a trading volume of 5,822 shares, compared to its average volume of 26,471. The stock has a market capitalization of $131.97 million, a PE ratio of 20.37 and a beta of 0.91. Global X Gold Explorers ETF has a one year low of $60.04 and a one year high of $110.19. The business’s 50-day moving average is $81.32 and its 200 day moving average is $82.50.

About Global X Gold Explorers ETF

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.