Global X Gold Explorers ETF (NYSEARCA:GOEX) Short Interest Update

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in Global X Gold Explorers ETF during the 4th quarter valued at about $73,000. Kestra Advisory Services LLC bought a new stake in Global X Gold Explorers ETF during the 4th quarter valued at about $109,000. Raymond James Financial Inc. bought a new stake in Global X Gold Explorers ETF during the 2nd quarter valued at about $158,000. Cibc World Market Inc. bought a new stake in Global X Gold Explorers ETF during the 3rd quarter valued at about $246,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Global X Gold Explorers ETF during the 3rd quarter valued at about $276,000.

Global X Gold Explorers ETF Price Performance

NYSEARCA GOEX traded up $5.54 during trading hours on Monday, reaching $77.71. 17,114 shares of the company’s stock traded hands, compared to its average volume of 36,097. Global X Gold Explorers ETF has a 52-week low of $43.03 and a 52-week high of $110.19. The firm has a market cap of $127.44 million, a PE ratio of 20.37 and a beta of 0.80. The firm has a 50-day simple moving average of $82.84 and a 200 day simple moving average of $86.48.

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.