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

Global X Social Media ETF (NASDAQ:SOCL) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 3,136 shares, a drop of 73.3% from the June 15th total of 11,733 shares. Based on an average trading volume of 10,380 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of Global X Social Media ETF

Large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in Global X Social Media ETF by 161,517.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 265,053 shares of the company’s stock worth $14,634,000 after buying an additional 264,889 shares during the period. Great Diamond Partners LLC grew its stake in Global X Social Media ETF by 11.0% in the fourth quarter. Great Diamond Partners LLC now owns 46,397 shares of the company’s stock valued at $2,562,000 after acquiring an additional 4,584 shares during the period. AAFMAA Wealth Management & Trust LLC acquired a new position in Global X Social Media ETF in the fourth quarter valued at about $479,000. Ameriprise Financial Inc. increased its holdings in shares of Global X Social Media ETF by 5.9% in the third quarter. Ameriprise Financial Inc. now owns 4,825 shares of the company’s stock worth $293,000 after acquiring an additional 269 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Global X Social Media ETF in the second quarter worth about $291,000.

Global X Social Media ETF Stock Performance

NASDAQ:SOCL traded up $0.05 during trading hours on Friday, hitting $46.36. The stock had a trading volume of 2,469 shares, compared to its average volume of 10,907. Global X Social Media ETF has a one year low of $41.35 and a one year high of $63.93. The company has a market cap of $92.26 million, a price-to-earnings ratio of 21.77 and a beta of 1.01. The business’s 50 day moving average is $45.68 and its 200-day moving average is $48.61.

Global X Social Media ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were given a dividend of $0.0882 per share. The ex-dividend date of this dividend was Monday, June 29th.

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.