Global X Dorsey Wright Thematic ETF (NASDAQ:GXDW) Sees Large Decrease in Short Interest

Global X Dorsey Wright Thematic ETF (NASDAQ:GXDW) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,432 shares, a drop of 64.3% from the July 15th total of 6,808 shares. Based on an average daily volume of 2,430 shares, the short-interest ratio is currently 1.0 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE bought a new position in Global X Dorsey Wright Thematic ETF in the 3rd quarter valued at $95,000. AlphaCore Capital LLC bought a new stake in shares of Global X Dorsey Wright Thematic ETF during the fourth quarter worth $34,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Global X Dorsey Wright Thematic ETF by 65.5% during the first quarter. AdvisorNet Financial Inc now owns 2,776 shares of the company’s stock worth $62,000 after purchasing an additional 1,099 shares during the last quarter.

Global X Dorsey Wright Thematic ETF Stock Down 0.8%

NASDAQ:GXDW traded down $0.19 on Friday, reaching $24.88. The stock had a trading volume of 562 shares, compared to its average volume of 4,218. The company has a market capitalization of $6.47 million, a P/E ratio of 26.08 and a beta of 1.35. Global X Dorsey Wright Thematic ETF has a 1-year low of $21.50 and a 1-year high of $30.73. The stock has a fifty day moving average price of $25.23 and a 200-day moving average price of $25.30.

Global X Dorsey Wright Thematic ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were paid a $0.0831 dividend. The ex-dividend date was Monday, June 29th.

Global X Dorsey Wright Thematic ETF Company Profile

Global X Funds – Global X Thematic Growth ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in the public equity markets of global region. It invests through other funds in stocks of companies operating across diversified sectors. The fund invests in growth stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Solactive Thematic Growth Index, by using full replication technique. Global X Funds – Global X Thematic Growth ETF was formed on October 25, 2019 and is domiciled in the United States.