ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) Shares Shorted: Short Interest Up 474.0% in October

ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 2,738 shares, an increase of 474.0% from the September 30th total of 477 shares. Based on an average daily trading volume, of 8,250 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

ALPS O’Shares Global Internet Giants ETF Price Performance

Shares of NYSEARCA OGIG traded up $0.07 during midday trading on Tuesday, reaching $50.01. The company’s stock had a trading volume of 5,617 shares, compared to its average volume of 10,334. ALPS O’Shares Global Internet Giants ETF has a 12-month low of $39.07 and a 12-month high of $58.73. The firm has a 50 day moving average price of $50.26 and a 200-day moving average price of $46.60. The stock has a market capitalization of $101.51 million, a P/E ratio of 35.27 and a beta of 1.33.

Institutional Trading of ALPS O’Shares Global Internet Giants ETF

An institutional investor recently bought a new stake in ALPS O’Shares Global Internet Giants ETF stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 577 shares of the company’s stock, valued at approximately $29,000.

About ALPS O’Shares Global Internet Giants ETF

The ALPS O’Shares Global Internet Giants ETF Shares (OGIG) is an exchange-traded fund that is based on the O’Shares Global Internet Giants index. The fund tracks an index of global internet and internet technology stocks, selected and weighted by growth and quality factors. OGIG was launched on Jun 5, 2018 and is managed by ALPS.