Global X Gold Explorers ETF (NYSEARCA:GOEX – Get Free Report) was the target of a large drop in short interest in 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. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 8,678 shares, the days-to-cover ratio is presently 0.9 days.
Institutional Trading of Global X Gold Explorers ETF
Institutional investors and hedge funds have recently bought and sold shares of the company. 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 shares of Global X Gold Explorers ETF in the fourth quarter worth approximately $109,000. Raymond James Financial Inc. bought a new stake in shares of Global X Gold Explorers ETF in the second quarter worth approximately $158,000. Cibc World Market Inc. bought a new stake in shares of Global X Gold Explorers ETF in the third quarter worth approximately $246,000. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Global X Gold Explorers ETF in the third quarter worth approximately $276,000.
Global X Gold Explorers ETF Trading Up 7.7%
NYSEARCA:GOEX traded up $5.54 on Monday, reaching $77.71. 17,114 shares of the stock traded hands, compared to its average volume of 36,097. The company has a market capitalization of $127.44 million, a price-to-earnings ratio of 20.37 and a beta of 0.80. Global X Gold Explorers ETF has a 12 month low of $43.03 and a 12 month high of $110.19. The company’s fifty day simple moving average is $82.84 and its 200 day simple moving average is $86.48.
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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