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

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

Hedge Funds Weigh In On Global X Gold Explorers ETF

Several hedge funds and other institutional investors have recently bought and sold shares of GOEX. International Assets Investment Management LLC purchased a new position in Global X Gold Explorers ETF in the fourth quarter valued at about $73,000. Kestra Advisory Services LLC bought a new stake in shares of Global X Gold Explorers ETF in the 4th quarter worth approximately $109,000. Raymond James Financial Inc. purchased a new position in Global X Gold Explorers ETF in the second quarter valued at approximately $158,000. Cetera Investment Advisers purchased a new position in Global X Gold Explorers ETF in the fourth quarter valued at approximately $403,000. Finally, Virtu Financial LLC bought a new position in Global X Gold Explorers ETF during the third quarter valued at $564,000.

Global X Gold Explorers ETF Stock Down 0.3%

Global X Gold Explorers ETF stock traded down $0.18 during mid-day trading on Friday, hitting $69.80. 487 shares of the stock were exchanged, compared to its average volume of 30,478. The stock has a market capitalization of $106.10 million, a price-to-earnings ratio of 20.37 and a beta of 0.85. Global X Gold Explorers ETF has a 12 month low of $43.03 and a 12 month high of $110.19. The firm’s fifty day simple moving average is $73.14 and its two-hundred day simple moving average is $84.58.

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.