Short Interest in Global X Social Media ETF (NASDAQ:SOCL) Expands By 257.4%

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a large 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. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 6,306 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On Global X Social Media ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Global X Social Media ETF by 161,517.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 265,053 shares of the company’s stock worth $14,634,000 after buying an additional 264,889 shares during the last quarter. Bank of America Corp DE increased its holdings in Global X Social Media ETF by 8.9% during the first quarter. Bank of America Corp DE now owns 236,306 shares of the company’s stock valued at $10,232,000 after buying an additional 19,333 shares during the last quarter. Great Diamond Partners LLC increased its holdings in Global X Social Media ETF by 11.0% during the fourth quarter. Great Diamond Partners LLC now owns 46,397 shares of the company’s stock valued at $2,562,000 after buying an additional 4,584 shares during the last quarter. Cetera Investment Advisers raised its position in Global X Social Media ETF by 53.5% in the fourth quarter. Cetera Investment Advisers now owns 5,951 shares of the company’s stock worth $329,000 after acquiring an additional 2,074 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Global X Social Media ETF in the fourth quarter worth approximately $126,000.

Global X Social Media ETF Stock Performance

Global X Social Media ETF stock opened at $45.20 on Friday. The stock has a market cap of $89.95 million, a PE ratio of 21.77 and a beta of 1.02. Global X Social Media ETF has a one year low of $41.35 and a one year high of $63.93. The stock has a fifty day moving average of $45.42 and a 200 day moving average of $46.15.

Global X Social Media ETF Announces Dividend

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

Global X Social Media ETF Company Profile

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.