Global X Social Media ETF (NASDAQ:SOCL – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 8,948 shares, a decrease of 37.7% from the April 30th total of 14,368 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 5,360 shares, the short-interest ratio is presently 1.7 days.
Global X Social Media ETF Price Performance
Shares of Global X Social Media ETF stock opened at $48.39 on Wednesday. The company has a 50-day moving average of $45.39 and a 200 day moving average of $50.56. The firm has a market cap of $97.26 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.
Hedge Funds Weigh In On Global X Social Media ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in Global X Social Media ETF by 161,517.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 265,053 shares of the company’s stock valued at $14,634,000 after buying an additional 264,889 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Global X Social Media ETF during the third quarter valued at approximately $2,618,000. Great Diamond Partners LLC grew its position 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 period. AAFMAA Wealth Management & Trust LLC bought a new stake in Global X Social Media ETF during the fourth quarter valued at approximately $479,000. Finally, Virtu Financial LLC bought a new stake in Global X Social Media ETF during the fourth quarter valued at approximately $347,000.
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.
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