Global X Gold Explorers ETF (NYSEARCA:GOEX) Shares Shorted: Short Interest Down 41.7% in October

Global X Gold Explorers ETF (NYSEARCA:GOEX) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 9,530 shares, a decrease of 41.7% from the September 30th total of 16,353 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 3,149 shares, the short-interest ratio is presently 3.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GOEX. NewEdge Advisors LLC raised its stake in shares of Global X Gold Explorers ETF by 7.5% during the 1st 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 in the last quarter. Approach Retirement Advisors LLC bought a new stake in Global X Gold Explorers ETF in the third quarter valued at approximately $208,000. Cetera Investment Advisers lifted its stake in shares of 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 worth $480,000 after buying an additional 675 shares during the last quarter. Kestra Advisory Services LLC raised its holdings 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 valued at $346,000 after acquiring an additional 2,732 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Global X Gold Explorers ETF by 55.6% during the first quarter. International Assets Investment Management LLC now owns 1,400 shares of the company’s stock worth $125,000 after acquiring an additional 500 shares during the period.

Global X Gold Explorers ETF Stock Up 2.4%

Shares of NYSEARCA:GOEX traded up $1.69 during trading on Monday, hitting $71.43. 2,640 shares of the company traded hands, compared to its average volume of 22,806. Global X Gold Explorers ETF has a one year low of $62.52 and a one year high of $110.19. The business’s fifty day moving average is $85.24 and its 200-day moving average is $84.27. The stock has a market capitalization of $104.29 million, a price-to-earnings ratio of 20.37 and a beta of 0.89.

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.