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

Global X Social Media ETF (NASDAQ:SOCL) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,083 shares, a decrease of 98.0% from the August 31st total of 105,626 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,947 shares, the short-interest ratio is presently 0.4 days.

Global X Social Media ETF Trading Up 0.4%

NASDAQ SOCL traded up $0.20 on Thursday, hitting $44.02. The company’s stock had a trading volume of 1,746 shares, compared to its average volume of 10,655. The firm has a market cap of $90.23 million, a P/E 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 $61.88. The company’s 50-day simple moving average is $45.18 and its 200 day simple moving average is $45.45.

Global X Social Media ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Global X Social Media ETF by 8.9% in the 1st quarter. Bank of America Corp DE now owns 236,306 shares of the company’s stock worth $10,232,000 after purchasing an additional 19,333 shares in the last quarter. AAFMAA Wealth Management & Trust LLC boosted its stake in shares of Global X Social Media ETF by 5.1% during the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 25,421 shares of the company’s stock valued at $1,114,000 after purchasing an additional 1,228 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Global X Social Media ETF by 555.6% during the 1st quarter. Parallel Advisors LLC now owns 5,900 shares of the company’s stock valued at $255,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position 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 buying an additional 879 shares during the period.

About Global X Social Media ETF

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.