Short Interest in Global X Dorsey Wright Thematic ETF (NASDAQ:GXDW) Declines By 45.6%

by · The Markets Daily

Global X Dorsey Wright Thematic ETF (NASDAQ:GXDW – Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 11,022 shares, a decline of 45.6% from the May 14th total of 20,263 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 7,004 shares, the days-to-cover ratio is presently 1.6 days.

Global X Dorsey Wright Thematic ETF Stock Performance

Shares of GXDW traded up $0.73 during mid-day trading on Tuesday, reaching $28.41. The stock had a trading volume of 486 shares, compared to its average volume of 3,873. The firm has a market cap of $8.24 million, a price-to-earnings ratio of 26.08 and a beta of 1.32. Global X Dorsey Wright Thematic ETF has a 12 month low of $21.50 and a 12 month high of $30.73. The business has a fifty day moving average of $27.31 and a 200 day moving average of $25.35.

Hedge Funds Weigh In On Global X Dorsey Wright Thematic ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc boosted its position in shares of Global X Dorsey Wright Thematic ETF by 65.5% during the first quarter. AdvisorNet Financial Inc now owns 2,776 shares of the company’s stock worth $62,000 after acquiring an additional 1,099 shares during the last quarter. AlphaCore Capital LLC bought a new position in shares of Global X Dorsey Wright Thematic ETF during the fourth quarter worth $34,000. Bank of America Corp DE bought a new position in shares of Global X Dorsey Wright Thematic ETF during the third quarter worth $95,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Global X Dorsey Wright Thematic ETF during the third quarter worth $102,000.

Global X Dorsey Wright Thematic ETF Company Profile

(Get Free Report)

Global X Funds – Global X Thematic Growth ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in the public equity markets of global region. It invests through other funds in stocks of companies operating across diversified sectors. The fund invests in growth stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Solactive Thematic Growth Index, by using full replication technique. Global X Funds – Global X Thematic Growth ETF was formed on October 25, 2019 and is domiciled in the United States.

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