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

Global X Social Media ETF (NASDAQ:SOCLGet Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 11,847 shares, an increase of 257.4% from the July 30th total of 3,315 shares. Based on an average daily volume of 6,306 shares, the short-interest ratio is currently 1.9 days. Currently, 0.6% of the shares of the stock are sold short.

Global X Social Media ETF Stock Performance

Global X Social Media ETF stock opened at $44.95 on Thursday. The firm has a market cap of $89.45 million, a price-to-earnings ratio of 21.77 and a beta of 1.02. Global X Social Media ETF has a 1 year low of $41.35 and a 1 year high of $63.93. The firm’s 50 day moving average price is $45.42 and its two-hundred day moving average price is $46.21.

Global X Social Media ETF Dividend Announcement

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

Institutional Investors Weigh In On Global X Social Media ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC acquired a new stake in shares of Global X Social Media ETF during the fourth quarter worth $50,000. Kestra Advisory Services LLC acquired a new position in shares of Global X Social Media ETF in the 4th quarter valued at $126,000. Rockefeller Capital Management L.P. boosted its position in shares of Global X Social Media ETF by 47.9% in the 4th 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 period. Ameriprise Financial Inc. purchased a new position in Global X Social Media ETF in the 2nd quarter worth about $243,000. Finally, Flow Traders U.S. LLC purchased a new position in Global X Social Media ETF in the 2nd quarter worth about $291,000.

Global X Social Media ETF Company Profile

(Get Free Report)

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.

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