Global X Gold Explorers ETF (NYSEARCA:GOEX) Short Interest Up 518.3% in July

Global X Gold Explorers ETF (NYSEARCA:GOEX) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,405 shares, a growth of 518.3% from the June 30th total of 389 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 7,394 shares, the short-interest ratio is currently 0.3 days.

Global X Gold Explorers ETF Trading Down 0.3%

Shares of GOEX traded down $0.18 during trading hours on Friday, reaching $69.80. 487 shares of the stock traded hands, compared to its average volume of 30,478. Global X Gold Explorers ETF has a 52-week low of $43.03 and a 52-week high of $110.19. The company’s 50-day moving average price is $73.14 and its two-hundred day moving average price is $84.58. The company has a market cap of $106.10 million, a P/E ratio of 20.37 and a beta of 0.85.

Institutional Investors Weigh In On Global X Gold Explorers ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of Global X Gold Explorers ETF in the fourth quarter worth about $73,000. Kestra Advisory Services LLC bought a new stake in Global X Gold Explorers ETF during the 4th quarter valued at approximately $109,000. Raymond James Financial Inc. purchased a new position in Global X Gold Explorers ETF in the 2nd quarter worth approximately $158,000. Cetera Investment Advisers purchased a new position in Global X Gold Explorers ETF in the 4th quarter worth approximately $403,000. Finally, Jane Street Group LLC purchased a new position in Global X Gold Explorers ETF in the 2nd quarter worth approximately $462,000.

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.