Global X Social Media ETF (NASDAQ:SOCL) Sees Significant Increase in Short Interest

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 4,600 shares, a growth of 411.1% from the September 15th total of 900 shares. Based on an average trading volume of 13,000 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 13,000 shares, the days-to-cover ratio is presently 0.4 days.

Global X Social Media ETF Stock Performance

Shares of NASDAQ SOCL opened at $57.32 on Friday. The stock has a market cap of $152.47 million, a PE ratio of 21.77 and a beta of 0.94. The business has a fifty day moving average of $59.09 and a two-hundred day moving average of $52.11. Global X Social Media ETF has a 52-week low of $37.50 and a 52-week high of $63.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Global X Social Media ETF by 5.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,733 shares of the company’s stock valued at $1,040,000 after acquiring an additional 1,253 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Global X Social Media ETF by 15.6% during the second quarter. Raymond James Financial Inc. now owns 11,158 shares of the company’s stock valued at $596,000 after acquiring an additional 1,509 shares during the period. Jane Street Group LLC bought a new position in shares of Global X Social Media ETF during the second quarter valued at $482,000. Cetera Investment Advisers bought a new position in shares of Global X Social Media ETF during the first quarter valued at $328,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Global X Social Media ETF by 64.4% during the second quarter. Osaic Holdings Inc. now owns 6,481 shares of the company’s stock valued at $347,000 after acquiring an additional 2,538 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.