Global X Thematic Growth ETF (NASDAQ:GXTG) Short Interest Up 495.8% in March

Global X Thematic Growth ETF (NASDAQ:GXTG) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 14,300 shares, a growth 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 trading volume, of 4,400 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Inflows and Outflows

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

Global X Thematic Growth ETF Price Performance

GXTG stock traded down $0.42 during trading on Friday, hitting $23.12. 1,778 shares of the company traded hands, compared to its average volume of 4,927. Global X Thematic Growth ETF has a 1 year low of $21.41 and a 1 year high of $26.12. The company has a market cap of $13.87 million, a PE ratio of 23.70 and a beta of 1.23. The stock’s 50-day simple moving average is $24.18 and its 200 day simple moving average is $24.41.

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.