Global X MSCI Colombia ETF (NYSEARCA:GXG) Sees Large Growth in Short Interest

Global X MSCI Colombia ETF (NYSEARCA:GXG) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 250,000 shares, an increase of 140.4% from the May 15th total of 104,000 shares. Currently, 7.5% of the company’s stock are sold short. Based on an average daily trading volume, of 115,700 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of Global X MSCI Colombia ETF

Several large investors have recently added to or reduced their stakes in GXG. Wealthfront Advisers LLC acquired a new position in shares of Global X MSCI Colombia ETF in the 4th quarter valued at about $16,018,000. Moran Wealth Management LLC acquired a new position in shares of Global X MSCI Colombia ETF in the 1st quarter valued at about $7,173,000. State of Tennessee Department of Treasury lifted its holdings in shares of Global X MSCI Colombia ETF by 4.8% in the 4th quarter. State of Tennessee Department of Treasury now owns 188,353 shares of the company’s stock valued at $4,294,000 after buying an additional 8,648 shares during the period. LPL Financial LLC lifted its holdings in shares of Global X MSCI Colombia ETF by 470.8% in the 1st quarter. LPL Financial LLC now owns 57,422 shares of the company’s stock valued at $1,579,000 after buying an additional 47,362 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Global X MSCI Colombia ETF in the 1st quarter valued at about $1,115,000.

Global X MSCI Colombia ETF Stock Performance

GXG stock traded down $0.03 on Friday, hitting $29.42. 41,659 shares of the company’s stock were exchanged, compared to its average volume of 56,435. Global X MSCI Colombia ETF has a 12-month low of $22.30 and a 12-month high of $29.94. The firm has a 50 day moving average price of $28.06 and a two-hundred day moving average price of $26.37. The stock has a market cap of $97.97 million, a P/E ratio of 7.96 and a beta of 0.88.

About Global X MSCI Colombia ETF

The Global X MSCI Colombia ETF (GXG) is an exchange-traded fund that is based on the MSCI All Colombia Select 25\u002F50 index. The fund tracks an index of large-, mid, and small-cap Colombian companies. GXG was launched on Feb 5, 2009 and is managed by Global X.