Global X Gold Explorers ETF (NYSEARCA:GOEX) Sees Significant Decrease in Short Interest

Global X Gold Explorers ETF (NYSEARCA:GOEX) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 389 shares, a decline of 68.2% from the June 15th total of 1,223 shares. Based on an average daily trading volume, of 7,248 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Global X Gold Explorers ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings in Global X Gold Explorers ETF by 7.5% in the first quarter. NewEdge Advisors LLC now owns 147,094 shares of the company’s stock valued at $12,449,000 after purchasing an additional 10,263 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Global X Gold Explorers ETF by 13.5% in the first 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. International Assets Investment Management LLC boosted its position in Global X Gold Explorers ETF by 55.6% during the first 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. Kestra Advisory Services LLC grew its holdings in Global X Gold Explorers ETF by 201.8% in the 1st quarter. Kestra Advisory Services LLC now owns 4,086 shares of the company’s stock valued at $346,000 after buying an additional 2,732 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in shares of Global X Gold Explorers ETF in the 4th quarter valued at approximately $977,000.

Global X Gold Explorers ETF Stock Up 2.5%

Shares of GOEX traded up $1.72 during mid-day trading on Tuesday, hitting $69.91. 2,630 shares of the company traded hands, compared to its average volume of 31,991. The company has a market capitalization of $106.26 million, a PE ratio of 20.37 and a beta of 0.85. Global X Gold Explorers ETF has a 1-year low of $43.03 and a 1-year high of $110.19. The business has a 50 day moving average of $76.12 and a 200 day moving average of $85.39.

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.