Global X Social Media Index ETF (NASDAQ:SOCL) Sees Significant Increase in Short Interest

Global X Social Media Index ETF (NASDAQ:SOCL) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,100 shares, an increase of 23.5% from the June 30th total of 1,700 shares. Based on an average trading volume of 14,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Global X Social Media Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SOCL. Raymond James & Associates purchased a new stake in shares of Global X Social Media Index ETF during the fourth quarter valued at approximately $261,000. Daiwa Securities Group Inc. raised its stake in shares of Global X Social Media Index ETF by 14.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 815,000 shares of the company’s stock valued at $32,902,000 after acquiring an additional 100,000 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of Global X Social Media Index ETF by 2.4% during the fourth quarter. NBC Securities Inc. now owns 23,050 shares of the company’s stock worth $930,000 after purchasing an additional 550 shares during the period. Assetmark Inc. grew its stake in shares of Global X Social Media Index ETF by 102.0% in the fourth quarter. Assetmark Inc. now owns 5,564 shares of the company’s stock worth $225,000 after purchasing an additional 2,810 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Global X Social Media Index ETF by 256.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 47,187 shares of the company’s stock valued at $1,901,000 after purchasing an additional 33,963 shares during the period.

Global X Social Media Index ETF Stock Performance

Shares of SOCL stock traded up $0.09 on Friday, hitting $40.79. 14,580 shares of the company’s stock traded hands, compared to its average volume of 14,661. The stock has a market capitalization of $129.71 million, a price-to-earnings ratio of 29.02 and a beta of 0.94. The company’s fifty day simple moving average is $42.57 and its 200 day simple moving average is $41.16. Global X Social Media Index ETF has a one year low of $33.23 and a one year high of $44.97.

Global X Social Media Index ETF Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 27th were paid a dividend of $0.1039 per share. The ex-dividend date was Thursday, June 27th.

About Global X Social Media Index ETF

The Global X Social Media ETF (SOCL) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of social media companies selected by a committee. SOCL was launched on Nov 14, 2011 and is managed by Global X.