Global X Social Media ETF (NASDAQ:SOCL) Short Interest Up 791.6% in August

Global X Social Media ETF (NASDAQ:SOCL) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 105,626 shares, a growth of 791.6% from the August 15th total of 11,847 shares. Based on an average daily volume of 20,001 shares, the days-to-cover ratio is currently 5.3 days. Currently, 5.3% of the company’s stock are sold short.

Global X Social Media ETF Price Performance

SOCL stock traded down $0.13 during midday trading on Thursday, hitting $43.53. The stock had a trading volume of 9,752 shares, compared to its average volume of 10,419. The business has a 50-day moving average of $45.59 and a two-hundred day moving average of $45.75. The firm has a market cap of $86.62 million, a price-to-earnings ratio of 21.77 and a beta of 1.02. Global X Social Media ETF has a 52-week low of $41.35 and a 52-week high of $63.93.

Global X Social Media ETF Dividend Announcement

The firm also recently announced a semiannual dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were given a $0.0882 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a dividend yield of 40.0%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC bought a new stake in Global X Social Media ETF during the fourth quarter worth about $50,000. Kestra Advisory Services LLC bought a new position in shares of Global X Social Media ETF during the fourth quarter valued at approximately $126,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Global X Social Media ETF by 47.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock valued at $150,000 after purchasing an additional 879 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Global X Social Media ETF in the 2nd quarter worth approximately $243,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Global X Social Media ETF in the 2nd quarter worth approximately $291,000.

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.