Global X Gold Explorers ETF (NYSEARCA:GOEX) Shares Shorted: Short Interest Up 941.7% in October

Global X Gold Explorers ETF (NYSEARCA:GOEX) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 99,277 shares, an increase of 941.7% from the October 15th total of 9,530 shares. Based on an average daily trading volume, of 3,876 shares, the short-interest ratio is currently 25.6 days. Approximately 6.8% of the company’s shares are short sold.

Institutional Investors Weigh In On Global X Gold Explorers ETF

Several institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings 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 valued at $125,000 after buying an additional 500 shares during the last quarter. Cetera Investment Advisers boosted its position in 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 buying an additional 675 shares during the period. Approach Retirement Advisors LLC purchased a new stake in Global X Gold Explorers ETF during the 3rd quarter valued at $208,000. Kestra Advisory Services LLC grew its holdings in Global X Gold Explorers ETF by 59.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 7,148 shares of the company’s stock worth $594,000 after acquiring an additional 2,673 shares during the last quarter. Finally, Cibc World Market Inc. bought a new stake in Global X Gold Explorers ETF in the 3rd quarter worth $298,000.

Global X Gold Explorers ETF Trading Down 4.8%

Shares of NYSEARCA:GOEX traded down $3.98 on Tuesday, reaching $78.67. 10,797 shares of the company traded hands, compared to its average volume of 22,381. The business’s 50-day simple moving average is $82.55 and its 200 day simple moving average is $83.66. Global X Gold Explorers ETF has a 52 week low of $64.45 and a 52 week high of $110.19. The stock has a market capitalization of $114.86 million, a P/E ratio of 20.37 and a beta of 0.89.

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.