Global X Gold Explorers ETF (NYSEARCA:GOEX) Shares Shorted: Short Interest Up 941.7% in October

Global X Gold Explorers ETF (NYSEARCA:GOEX) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 99,277 shares, an increase of 941.7% from the October 15th total of 9,530 shares. Approximately 6.8% of the company’s shares are short sold. Based on an average daily volume of 3,876 shares, the short-interest ratio is currently 25.6 days.

Institutional Investors Weigh In On Global X Gold Explorers ETF

A number of large investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake 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 valued at $125,000 after buying an additional 500 shares during the period. Approach Retirement Advisors LLC bought a new position in shares of Global X Gold Explorers ETF during the third quarter valued at approximately $208,000. Cibc World Market Inc. bought a new position in shares of Global X Gold Explorers ETF during the third quarter valued at approximately $298,000. HighTower Advisors LLC purchased a new stake in Global X Gold Explorers ETF in the third quarter worth $344,000. Finally, Kestra Advisory Services LLC lifted its stake in Global X Gold Explorers ETF by 201.8% in the first quarter. Kestra Advisory Services LLC now owns 4,086 shares of the company’s stock worth $346,000 after acquiring an additional 2,732 shares during the period.

Global X Gold Explorers ETF Stock Performance

Shares of NYSEARCA GOEX traded down $3.98 during trading hours on Tuesday, hitting $78.67. The company’s stock had a trading volume of 10,797 shares, compared to its average volume of 22,381. Global X Gold Explorers ETF has a 12 month low of $64.45 and a 12 month high of $110.19. The stock has a market cap of $114.86 million, a price-to-earnings ratio of 20.37 and a beta of 0.89. The business has a 50-day simple moving average of $82.55 and a 200-day simple moving average of $83.66.

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.