Short Interest in Global X MSCI Colombia ETF (NYSEARCA:GXG) Rises By 140.4%

Global X MSCI Colombia ETF (NYSEARCA:GXG) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 250,000 shares, an increase of 140.4% from the May 15th total of 104,000 shares. Based on an average daily volume of 115,700 shares, the days-to-cover ratio is presently 2.2 days. Currently, 7.5% of the company’s stock are short sold.

Global X MSCI Colombia ETF Trading Down 0.1%

Shares of NYSEARCA GXG traded down $0.03 during mid-day trading on Friday, reaching $29.42. The company had a trading volume of 41,659 shares, compared to its average volume of 56,435. Global X MSCI Colombia ETF has a 52-week low of $22.30 and a 52-week high of $29.94. The stock has a market cap of $97.97 million, a P/E ratio of 7.96 and a beta of 0.88. The firm has a 50 day simple moving average of $28.06 and a two-hundred day simple moving average of $26.37.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GXG. Wealthfront Advisers LLC purchased a new position in shares of Global X MSCI Colombia ETF during the fourth quarter worth approximately $16,018,000. LPL Financial LLC acquired a new stake in Global X MSCI Colombia ETF during the 4th quarter worth $229,000. State of Tennessee Department of Treasury grew its position in Global X MSCI Colombia ETF by 4.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 188,353 shares of the company’s stock worth $4,294,000 after purchasing an additional 8,648 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Global X MSCI Colombia ETF in the first quarter valued at $1,115,000. Finally, Dauntless Investment Group LLC acquired a new stake in shares of Global X MSCI Colombia ETF during the first quarter worth about $354,000.

About Global X MSCI Colombia ETF

The Global X MSCI Colombia ETF (GXG) is an exchange-traded fund that is based on the MSCI All Colombia Select 25\u002F50 index. The fund tracks an index of large-, mid, and small-cap Colombian companies. GXG was launched on Feb 5, 2009 and is managed by Global X.