Global X Gold Explorers ETF (NYSEARCA:GOEX) Stock Short Interest Rises 137.3%

Global X Gold Explorers ETF (NYSEARCA:GOEX) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 16,353 shares, a growth of 137.3% from the September 15th total of 6,890 shares. Based on an average daily trading volume, of 4,753 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.1% of the company’s shares are short sold.

Global X Gold Explorers ETF Price Performance

Shares of GOEX opened at $77.12 on Thursday. Global X Gold Explorers ETF has a one year low of $62.30 and a one year high of $110.19. The company has a 50-day simple moving average of $87.76 and a two-hundred day simple moving average of $81.52. The firm has a market capitalization of $112.60 million, a PE ratio of 20.37 and a beta of 0.89.

Institutional Trading of Global X Gold Explorers ETF

A number of hedge funds have recently made changes to their positions in GOEX. International Assets Investment Management LLC increased its stake in Global X Gold Explorers ETF by 55.6% during the 1st quarter. International Assets Investment Management LLC now owns 1,400 shares of the company’s stock valued at $125,000 after purchasing an additional 500 shares in the last quarter. Cetera Investment Advisers grew its position in Global X Gold Explorers ETF by 13.5% in the 1st quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock worth $480,000 after purchasing an additional 675 shares during the period. Kestra Advisory Services LLC increased its position 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 valued at $346,000 after acquiring an additional 2,732 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Global X Gold Explorers ETF by 2.8% in the second quarter. NewEdge Advisors LLC now owns 151,159 shares of the company’s stock worth $10,450,000 after acquiring an additional 4,065 shares during the period.

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.