Global X Social Media ETF (NASDAQ:SOCL) Short Interest Update

Global X Social Media ETF (NASDAQ:SOCL) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 13,164 shares, a drop of 41.1% from the February 26th total of 22,362 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 22,098 shares, the short-interest ratio is presently 0.6 days.

Global X Social Media ETF Stock Performance

NASDAQ SOCL opened at $42.26 on Friday. The firm has a market capitalization of $97.62 million, a P/E ratio of 21.77 and a beta of 0.94. The stock has a 50-day simple moving average of $50.37 and a two-hundred day simple moving average of $54.95. Global X Social Media ETF has a fifty-two week low of $37.50 and a fifty-two week high of $63.93.

Global X Social Media ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a dividend of $0.1276 per share. This represents a yield of 46.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Investors Weigh In On Global X Social Media ETF

Hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC purchased a new position in shares of Global X Social Media ETF during the 2nd quarter valued at approximately $291,000. Sei Investments Co. acquired a new stake in Global X Social Media ETF during the second quarter valued at $299,000. Raymond James Financial Inc. increased its holdings in Global X Social Media ETF by 15.6% in the second quarter. Raymond James Financial Inc. now owns 11,158 shares of the company’s stock valued at $596,000 after buying an additional 1,509 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Global X Social Media ETF in the second quarter worth about $482,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Global X Social Media ETF during the 2nd quarter worth about $243,000.

About Global X Social Media 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.