Short Interest in Global X Thematic Growth ETF (NASDAQ:GXTG) Expands By 495.8%

Global X Thematic Growth ETF (NASDAQ:GXTG) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 14,300 shares, a growth of 495.8% from the February 28th total of 2,400 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.4% of the shares of the stock are sold short.

Institutional Trading of Global X Thematic Growth ETF

Several hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in Global X Thematic Growth ETF in the fourth quarter worth about $46,000. HighTower Advisors LLC lifted its stake in shares of Global X Thematic Growth ETF by 5.3% in the 4th quarter. HighTower Advisors LLC now owns 25,316 shares of the company’s stock valued at $594,000 after purchasing an additional 1,265 shares during the last quarter. GTS Securities LLC boosted its holdings in shares of Global X Thematic Growth ETF by 147.1% in the 4th quarter. GTS Securities LLC now owns 32,864 shares of the company’s stock worth $771,000 after purchasing an additional 19,562 shares during the period. Finally, Elmwood Wealth Management Inc. increased its position in shares of Global X Thematic Growth ETF by 0.7% during the 4th quarter. Elmwood Wealth Management Inc. now owns 73,507 shares of the company’s stock valued at $1,725,000 after purchasing an additional 491 shares during the last quarter.

Global X Thematic Growth ETF Trading Down 1.3 %

Shares of GXTG stock traded down $0.30 on Wednesday, reaching $23.63. The company’s stock had a trading volume of 502 shares, compared to its average volume of 4,935. The stock’s fifty day simple moving average is $24.19 and its 200-day simple moving average is $24.41. Global X Thematic Growth ETF has a 1 year low of $21.41 and a 1 year high of $26.12. The company has a market capitalization of $14.18 million, a price-to-earnings ratio of 23.70 and a beta of 1.23.

Global X Thematic Growth ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a $0.1254 dividend. The ex-dividend date was Monday, December 30th.

Global X Thematic Growth ETF Company Profile

The Global X Thematic Growth ETF (GXTG) is an exchange-traded fund that is based on the Solactive Thematic Growth index. The fund is a passively managed fund-of-funds providing global equity exposure todisruptive-growth trends. Selectionisbased ona quantitativemethodologyemphasizingrealized sales growth.