Global X Internet of Things ETF (NASDAQ:SNSR) Sees Large Decrease in Short Interest

Global X Internet of Things ETF (NASDAQ:SNSR) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 10,642 shares, a drop of 38.8% from the May 31st total of 17,381 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 30,610 shares, the short-interest ratio is presently 0.3 days.

Global X Internet of Things ETF Stock Down 2.0%

SNSR traded down $0.96 during trading hours on Thursday, reaching $48.26. 33,609 shares of the company’s stock traded hands, compared to its average volume of 20,606. Global X Internet of Things ETF has a 52-week low of $34.20 and a 52-week high of $53.80. The firm has a market capitalization of $234.06 million, a PE ratio of 26.18 and a beta of 1.35. The firm has a 50-day moving average price of $48.54 and a 200 day moving average price of $42.07.

Global X Internet of Things ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 29th will be issued a dividend of $0.0798 per share. The ex-dividend date is Monday, June 29th.

Institutional Trading of Global X Internet of Things ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of Global X Internet of Things ETF by 8.8% in the first quarter. Bank of America Corp DE now owns 784,338 shares of the company’s stock valued at $29,233,000 after purchasing an additional 63,447 shares during the period. Modern Wealth Management LLC raised its position in Global X Internet of Things ETF by 1.0% during the 3rd quarter. Modern Wealth Management LLC now owns 692,320 shares of the company’s stock valued at $27,007,000 after purchasing an additional 6,667 shares in the last quarter. Jane Street Group LLC raised its position in Global X Internet of Things ETF by 213.5% during the 1st quarter. Jane Street Group LLC now owns 80,000 shares of the company’s stock valued at $2,635,000 after purchasing an additional 54,481 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Global X Internet of Things ETF by 61.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,000 shares of the company’s stock worth $2,661,000 after buying an additional 27,500 shares during the period. Finally, Flow Traders U.S. LLC lifted its holdings in shares of Global X Internet of Things ETF by 34.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 63,213 shares of the company’s stock worth $2,466,000 after buying an additional 16,159 shares during the period.

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.