ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) Sees Large Drop in Short Interest

ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 597 shares, a decrease of 78.2% from the October 15th total of 2,738 shares. Based on an average daily volume of 10,862 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

ALPS O’Shares Global Internet Giants ETF Price Performance

OGIG stock opened at $46.65 on Thursday. The stock has a market capitalization of $92.37 million, a PE ratio of 29.20 and a beta of 1.35. The company’s 50-day moving average is $49.55 and its 200-day moving average is $46.38. ALPS O’Shares Global Internet Giants ETF has a 1 year low of $39.07 and a 1 year high of $55.68.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ALPS O’Shares Global Internet Giants ETF stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.