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

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

Global X Gold Explorers ETF Price Performance

Shares of GOEX stock traded up $3.78 during trading hours on Thursday, hitting $88.68. The stock had a trading volume of 4,243 shares, compared to its average volume of 26,222. Global X Gold Explorers ETF has a one year low of $60.04 and a one year high of $110.19. The stock’s 50-day moving average price is $81.97 and its two-hundred day moving average price is $82.24. The stock has a market capitalization of $94.89 million, a price-to-earnings ratio of 20.37 and a beta of 0.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GOEX. NewEdge Advisors LLC lifted its holdings 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 worth $12,449,000 after acquiring an additional 10,263 shares during the last quarter. Cetera Investment Advisers grew its holdings 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 purchasing an additional 675 shares during the last quarter. Kestra Advisory Services LLC raised its position 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 worth $346,000 after purchasing an additional 2,732 shares during the period. Finally, International Assets Investment Management LLC raised its position in Global X Gold Explorers ETF by 55.6% in the 1st quarter. International Assets Investment Management LLC now owns 1,400 shares of the company’s stock worth $125,000 after purchasing an additional 500 shares during the period.

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.