Global X Social Media ETF (NASDAQ:SOCL) Sees Large Drop in Short Interest

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 3,136 shares, a decrease of 73.3% from the June 15th total of 11,733 shares. Based on an average daily trading volume, of 10,380 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Global X Social Media ETF Stock Down 0.0%

NASDAQ SOCL traded down $0.01 during trading hours on Monday, hitting $46.35. 1,855 shares of the company were exchanged, compared to its average volume of 10,838. The firm has a market cap of $92.24 million, a price-to-earnings ratio of 21.77 and a beta of 1.01. The company has a 50 day moving average of $45.68 and a two-hundred day moving average of $48.55. Global X Social Media ETF has a 52-week low of $41.35 and a 52-week high of $63.93.

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 given a dividend of $0.0882 per share. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Trading of Global X Social Media ETF

Several hedge funds have recently added to or reduced their stakes in SOCL. Flow Traders U.S. LLC acquired a new position in Global X Social Media ETF in the second quarter valued at approximately $291,000. Sei Investments Co. acquired a new stake in Global X Social Media ETF during the second quarter worth approximately $299,000. Raymond James Financial Inc. raised its holdings in 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 worth $596,000 after purchasing an additional 1,509 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Global X Social Media ETF during the 2nd quarter worth approximately $482,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Global X Social Media ETF during the 2nd quarter worth approximately $243,000.

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.