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

Global X Social Media ETF (NASDAQ:SOCL) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,083 shares, a decrease of 98.0% from the August 31st total of 105,626 shares. Based on an average trading volume of 4,947 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Global X Social Media ETF Stock Up 0.4%

SOCL opened at $44.02 on Friday. The firm has a market cap of $90.23 million, a PE ratio of 21.77 and a beta of 1.02. The business has a fifty day simple moving average of $45.18 and a 200-day simple moving average of $45.45. Global X Social Media ETF has a fifty-two week low of $41.35 and a fifty-two week high of $61.88.

Institutional Trading of Global X Social Media ETF

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Global X Social Media ETF by 8.9% in the first quarter. Bank of America Corp DE now owns 236,306 shares of the company’s stock worth $10,232,000 after acquiring an additional 19,333 shares in the last quarter. AAFMAA Wealth Management & Trust LLC boosted its stake in Global X Social Media ETF by 5.1% in the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 25,421 shares of the company’s stock worth $1,114,000 after purchasing an additional 1,228 shares during the period. Parallel Advisors LLC boosted its stake in Global X Social Media ETF by 555.6% in the 1st quarter. Parallel Advisors LLC now owns 5,900 shares of the company’s stock worth $255,000 after purchasing an additional 5,000 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in Global X Social Media ETF by 47.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock worth $150,000 after purchasing an additional 879 shares in the last quarter.

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.