Short Interest in Global X Gold Explorers ETF (NYSEARCA:GOEX) Expands By 90.1%

Global X Gold Explorers ETF (NYSEARCA:GOEX) saw a significant growth in short interest in 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 trading volume, of 24,139 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X Gold Explorers ETF

A number of hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in shares of 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 worth $12,449,000 after purchasing an additional 10,263 shares during the last quarter. Cetera Investment Advisers increased its holdings in 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 purchasing an additional 675 shares during the period. Kestra Advisory Services LLC raised its position in Global X Gold Explorers ETF by 201.8% during 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 last quarter. Finally, International Assets Investment Management LLC grew its position 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 buying an additional 500 shares during the last quarter.

Global X Gold Explorers ETF Price Performance

NYSEARCA GOEX traded down $0.28 during trading hours on Tuesday, reaching $86.82. The company’s stock had a trading volume of 5,822 shares, compared to its average volume of 26,471. The firm has a fifty day simple moving average of $81.32 and a 200-day simple moving average of $82.50. The stock has a market cap of $131.97 million, a P/E ratio of 20.37 and a beta of 0.91. Global X Gold Explorers ETF has a 52 week low of $60.04 and a 52 week high of $110.19.

About Global X Gold Explorers ETF

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.