Global X Thematic Growth ETF (NASDAQ:GXTG) Short Interest Up 5,500.0% in November

Global X Thematic Growth ETF (NASDAQ:GXTG) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 11,200 shares, an increase of 5,500.0% from the October 31st total of 200 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 4.0 days.

Global X Thematic Growth ETF Stock Performance

NASDAQ:GXTG opened at $25.30 on Thursday. The company has a 50-day moving average of $24.88 and a 200-day moving average of $23.82. 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 market capitalization of $16.45 million, a price-to-earnings ratio of 16.66 and a beta of 1.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GXTG. Cetera Advisors LLC bought a new stake in shares of Global X Thematic Growth ETF in the 1st quarter valued at approximately $736,000. Elmwood Wealth Management Inc. boosted its stake in Global X Thematic Growth ETF by 17.9% in the 3rd quarter. Elmwood Wealth Management Inc. now owns 73,016 shares of the company’s stock valued at $1,856,000 after buying an additional 11,076 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in Global X Thematic Growth ETF in the third quarter valued at $45,000.

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.