Global X Internet of Things ETF (NASDAQ:SNSR) Sees Significant Drop in Short Interest

Global X Internet of Things ETF (NASDAQ:SNSR) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,213 shares, a decrease of 38.7% from the August 31st total of 5,238 shares. Based on an average daily volume of 14,219 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Global X Internet of Things ETF Stock Performance

Shares of SNSR stock opened at $48.83 on Thursday. The stock’s fifty day moving average price is $47.63 and its two-hundred day moving average price is $46.25. The company has a market cap of $214.36 million, a PE ratio of 26.18 and a beta of 1.36. Global X Internet of Things ETF has a fifty-two week low of $34.20 and a fifty-two week high of $53.80.

Institutional Trading of Global X Internet of Things ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its stake in Global X Internet of Things ETF by 27.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,997 shares of the company’s stock valued at $74,000 after buying an additional 436 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Global X Internet of Things ETF by 4.1% in the first quarter. Cetera Investment Advisers now owns 12,430 shares of the company’s stock worth $463,000 after acquiring an additional 485 shares during the last quarter. MWA Asset Management bought a new position in shares of Global X Internet of Things ETF in the first quarter worth about $45,000. Integrated Wealth Concepts LLC bought a new position in shares of Global X Internet of Things ETF in the second quarter worth about $90,000. Finally, Hyposwiss Advisors SA acquired a new stake in shares of Global X Internet of Things ETF in the 4th quarter valued at approximately $88,000.

Global X Internet of Things ETF Company Profile

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.