Short Interest in Global X Gold Explorers ETF (NYSEARCA:GOEX) Drops By 41.3%

Global X Gold Explorers ETF (NYSEARCA:GOEX) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 7,466 shares, a decrease of 41.3% from the May 14th total of 12,722 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 8,678 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Global X Gold Explorers ETF

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in Global X Gold Explorers ETF by 7.5% during the first quarter. NewEdge Advisors LLC now owns 147,094 shares of the company’s stock worth $12,449,000 after buying an additional 10,263 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Global X Gold Explorers ETF by 13.5% during the first quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock worth $480,000 after buying an additional 675 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in 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 buying an additional 500 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Global X Gold Explorers ETF by 201.8% during the first quarter. Kestra Advisory Services LLC now owns 4,086 shares of the company’s stock worth $346,000 after buying an additional 2,732 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in Global X Gold Explorers ETF during the fourth quarter worth $977,000.

Global X Gold Explorers ETF Price Performance

GOEX stock opened at $80.41 on Wednesday. The firm’s fifty day simple moving average is $82.72 and its 200-day simple moving average is $86.52. The company has a market capitalization of $131.87 million, a P/E ratio of 20.37 and a beta of 0.80. Global X Gold Explorers ETF has a 12 month low of $43.03 and a 12 month 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.