Global X Thematic Growth ETF (NASDAQ:GXTG) Sees Large Increase in Short Interest

Global X Thematic Growth ETF (NASDAQ:GXTG) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 14,300 shares, an increase of 495.8% from the February 28th total of 2,400 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily volume of 4,400 shares, the short-interest ratio is currently 3.3 days.

Global X Thematic Growth ETF Stock Performance

NASDAQ:GXTG traded down $0.09 during trading hours on Thursday, reaching $23.54. The stock had a trading volume of 995 shares, compared to its average volume of 4,930. Global X Thematic Growth ETF has a 12-month low of $21.41 and a 12-month high of $26.12. The stock has a 50 day simple moving average of $24.19 and a 200 day simple moving average of $24.41. The stock has a market cap of $14.12 million, a P/E ratio of 23.70 and a beta of 1.23.

Global X Thematic Growth ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a $0.1254 dividend. The ex-dividend date was Monday, December 30th.

Institutional Trading of Global X Thematic Growth ETF

A number of institutional investors have recently modified their holdings of the business. GTS Securities LLC raised its stake in shares of Global X Thematic Growth ETF by 147.1% during the 4th quarter. GTS Securities LLC now owns 32,864 shares of the company’s stock valued at $771,000 after purchasing an additional 19,562 shares during the period. HighTower Advisors LLC increased its position 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 valued at $594,000 after buying an additional 1,265 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Global X Thematic Growth ETF in the fourth quarter worth about $46,000. Finally, Elmwood Wealth Management Inc. lifted its holdings in shares of Global X Thematic Growth ETF by 0.7% in the fourth quarter. Elmwood Wealth Management Inc. now owns 73,507 shares of the company’s stock worth $1,725,000 after buying an additional 491 shares in the last quarter.

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.