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

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 11,733 shares, a decrease of 57.1% from the May 31st total of 27,345 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,768 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SOCL. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Global X Social Media ETF by 161,517.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 265,053 shares of the company’s stock worth $14,634,000 after purchasing an additional 264,889 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Global X Social Media ETF during the 4th quarter valued at about $126,000. Raymond James Financial Inc. lifted its position in Global X Social Media ETF by 15.6% in the 2nd quarter. Raymond James Financial Inc. now owns 11,158 shares of the company’s stock worth $596,000 after buying an additional 1,509 shares during the last quarter. Jane Street Group LLC bought a new stake in Global X Social Media ETF in the 2nd quarter worth approximately $482,000. Finally, Osaic Holdings Inc. boosted its stake in Global X Social Media ETF by 5.8% in the fourth quarter. Osaic Holdings Inc. now owns 6,865 shares of the company’s stock worth $380,000 after buying an additional 376 shares in the last quarter.

Global X Social Media ETF Trading Up 2.3%

Shares of Global X Social Media ETF stock traded up $0.97 on Monday, hitting $43.69. 12,586 shares of the company traded hands, compared to its average volume of 11,247. The firm’s 50-day simple moving average is $45.96 and its 200 day simple moving average is $49.28. The company has a market cap of $87.82 million, a P/E ratio of 21.77 and a beta of 1.01. Global X Social Media ETF has a 12-month low of $41.35 and a 12-month high of $63.93.

Global X Social Media ETF Company Profile

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.