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

Global X Gold Explorers ETF (NYSEARCA:GOEX) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 389 shares, a drop 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 shares of the stock are short sold.

Hedge Funds Weigh In On Global X Gold Explorers ETF

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its position in shares of 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 in the last quarter. Cetera Investment Advisers increased 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 acquiring an additional 675 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Global X Gold Explorers ETF during the fourth quarter valued at approximately $109,000. NewEdge Advisors LLC increased its position in shares of Global X Gold Explorers ETF by 2.1% during the 3rd 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 during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Global X Gold Explorers ETF during the 2nd quarter valued at $158,000.

Global X Gold Explorers ETF Price Performance

Shares of Global X Gold Explorers ETF stock traded down $1.67 during trading on Monday, reaching $68.92. 23,576 shares of the stock traded hands, compared to its average volume of 32,171. The company has a market capitalization of $104.76 million, a price-to-earnings ratio of 20.37 and a beta of 0.85. Global X Gold Explorers ETF has a 52-week low of $43.03 and a 52-week high of $110.19. The business has a fifty day simple moving average of $76.58 and a two-hundred day simple moving average of $85.63.

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.