Short Interest in Global X Thematic Growth ETF (NASDAQ:GXTG) Drops By 41.5%

Global X Thematic Growth ETF (NASDAQ:GXTG) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 2,400 shares, a decrease of 41.5% from the February 13th total of 4,100 shares. Based on an average daily trading volume, of 4,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

Global X Thematic Growth ETF Stock Performance

Shares of NASDAQ:GXTG opened at $23.83 on Monday. Global X Thematic Growth ETF has a 52-week low of $21.41 and a 52-week high of $26.12. The company has a 50-day simple moving average of $24.16 and a 200 day simple moving average of $24.37. The company has a market capitalization of $14.30 million, a P/E ratio of 23.12 and a beta of 1.23.

Global X Thematic Growth ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were issued a dividend of $0.1254 per share. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On Global X Thematic Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Elmwood Wealth Management Inc. raised its position in Global X Thematic Growth ETF by 0.7% during the fourth quarter. Elmwood Wealth Management Inc. now owns 73,507 shares of the company’s stock valued at $1,725,000 after purchasing an additional 491 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Global X Thematic Growth ETF by 5.3% during the fourth quarter. HighTower Advisors LLC now owns 25,316 shares of the company’s stock worth $594,000 after purchasing an additional 1,265 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Global X Thematic Growth ETF in the 4th quarter valued at approximately $46,000. Finally, GTS Securities LLC lifted its stake in shares of Global X Thematic Growth ETF by 147.1% in the fourth quarter. GTS Securities LLC now owns 32,864 shares of the company’s stock worth $771,000 after acquiring an additional 19,562 shares during the period.

Global X Thematic Growth ETF Company Profile

The Global X Thematic Growth ETF (GXTG) is an exchange-traded fund that is based on the Solactive Thematic Growth index. The fund is a passively managed fund-of-funds providing global equity exposure todisruptive-growth trends. Selectionisbased ona quantitativemethodologyemphasizingrealized sales growth.