Global X Gold Explorers ETF (NYSEARCA:GOEX – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 4,305 shares, a growth of 115.7% from the July 30th total of 1,996 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 6,799 shares, the short-interest ratio is presently 0.6 days.
Global X Gold Explorers ETF Stock Performance
Shares of NYSEARCA:GOEX traded down $4.13 during midday trading on Friday, hitting $93.06. 11,420 shares of the stock were exchanged, compared to its average volume of 27,900. Global X Gold Explorers ETF has a 12 month low of $53.10 and a 12 month high of $110.19. The stock has a market capitalization of $141.45 million, a price-to-earnings ratio of 20.37 and a beta of 0.85. The business’s 50-day moving average price is $76.78 and its 200 day moving average price is $83.01.
Institutional Trading of Global X Gold Explorers ETF
Several institutional investors have recently added to or reduced their stakes in GOEX. International Assets Investment Management LLC bought a new stake in shares of Global X Gold Explorers ETF during the 4th quarter valued at about $73,000. Kestra Advisory Services LLC purchased a new stake in shares of Global X Gold Explorers ETF in the fourth quarter worth approximately $109,000. Raymond James Financial Inc. purchased a new stake in Global X Gold Explorers ETF in the 2nd quarter valued at $158,000. Cetera Investment Advisers purchased a new stake in shares of Global X Gold Explorers ETF in the fourth quarter valued at about $403,000. Finally, Virtu Financial LLC bought a new stake in Global X Gold Explorers ETF in the 3rd quarter worth about $564,000.
Global X Gold Explorers ETF Company Profile
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.
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