Short Interest in Global X Internet of Things Thematic ETF (NASDAQ:SNSR) Drops By 60.7%

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,200 shares, a drop of 60.7% from the February 28th total of 5,600 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 20,200 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in Global X Internet of Things Thematic ETF during the 4th quarter valued at about $614,000. Bank of America Corp DE grew its holdings in shares of Global X Internet of Things Thematic ETF by 1.2% in the fourth quarter. Bank of America Corp DE now owns 709,647 shares of the company’s stock valued at $24,767,000 after purchasing an additional 8,478 shares in the last quarter. Mariner LLC increased its stake in Global X Internet of Things Thematic ETF by 2.6% during the 4th quarter. Mariner LLC now owns 21,499 shares of the company’s stock worth $750,000 after buying an additional 541 shares during the period. Family Office Research LLC acquired a new stake in Global X Internet of Things Thematic ETF during the 4th quarter worth approximately $1,475,000. Finally, Raymond James Financial Inc. purchased a new position in Global X Internet of Things Thematic ETF in the 4th quarter valued at approximately $2,367,000.

Global X Internet of Things Thematic ETF Price Performance

Shares of SNSR stock traded down $0.52 during trading hours on Friday, hitting $33.53. The company had a trading volume of 944 shares, compared to its average volume of 21,173. The stock has a market capitalization of $217.58 million, a PE ratio of 25.57 and a beta of 1.24. The company’s fifty day moving average is $35.73 and its 200 day moving average is $35.29. Global X Internet of Things Thematic ETF has a fifty-two week low of $30.98 and a fifty-two week high of $38.54.

About Global X Internet of Things Thematic ETF

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.