Global X Social Media ETF (NASDAQ:SOCL – Get Free Report) saw a significant decrease in short interest in 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. Based on an average trading volume of 4,947 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.
Global X Social Media ETF Stock Down 0.3%
Shares of Global X Social Media ETF stock traded down $0.11 during trading hours on Friday, reaching $43.91. 1,192 shares of the stock traded hands, compared to its average volume of 10,603. The company has a 50 day moving average price of $45.14 and a 200 day moving average price of $45.44. The firm has a market capitalization of $90.01 million, a price-to-earnings 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 $61.88.
Hedge Funds Weigh In On Global X Social Media ETF
A number of institutional investors and hedge funds have recently made changes to their positions in SOCL. Rockefeller Capital Management L.P. increased its holdings in 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 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 worth $1,114,000 after acquiring an additional 1,228 shares during 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 worth $255,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Global X Social Media ETF by 8.9% during the 1st quarter. Bank of America Corp DE now owns 236,306 shares of the company’s stock valued at $10,232,000 after acquiring an additional 19,333 shares during the period.
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.
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