Short Interest in Global X Gold Explorers ETF (NYSEARCA:GOEX) Expands By 518.3%

Global X Gold Explorers ETF (NYSEARCA:GOEXGet Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,405 shares, an increase of 518.3% from the June 30th total of 389 shares. Based on an average daily volume of 7,394 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Global X Gold Explorers ETF

Several large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of 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 valued at $125,000 after purchasing an additional 500 shares in the last quarter. Cetera Investment Advisers lifted its stake in Global X Gold Explorers ETF by 13.5% during the first quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock worth $480,000 after purchasing an additional 675 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Global X Gold Explorers ETF in the fourth quarter valued at approximately $109,000. NewEdge Advisors LLC boosted its holdings in Global X Gold Explorers ETF by 2.1% in the third quarter. NewEdge Advisors LLC now owns 109,190 shares of the company’s stock valued at $7,417,000 after purchasing an additional 2,258 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Global X Gold Explorers ETF in the second quarter valued at approximately $158,000.

Global X Gold Explorers ETF Stock Performance

NYSEARCA:GOEX opened at $69.80 on Monday. The company has a fifty day moving average of $73.14 and a two-hundred day moving average of $84.58. Global X Gold Explorers ETF has a fifty-two week low of $43.03 and a fifty-two week high of $110.19. The stock has a market capitalization of $106.10 million, a PE ratio of 20.37 and a beta of 0.85.

Global X Gold Explorers ETF Company Profile

(Get Free Report)

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.

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