Global X Internet of Things ETF (NASDAQ:SNSR) Sees Significant Decrease in Short Interest

Global X Internet of Things ETF (NASDAQ:SNSR) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 1,839 shares, a decline of 50.9% from the March 15th total of 3,747 shares. Based on an average trading volume of 19,177 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Global X Internet of Things ETF

Several hedge funds have recently added to or reduced their stakes in SNSR. Royal Bank of Canada boosted its holdings in Global X Internet of Things ETF by 1.6% in the first quarter. Royal Bank of Canada now owns 25,396 shares of the company’s stock worth $837,000 after acquiring an additional 406 shares in the last quarter. Jane Street Group LLC boosted its holdings in Global X Internet of Things ETF by 213.5% in the first quarter. Jane Street Group LLC now owns 80,000 shares of the company’s stock worth $2,635,000 after acquiring an additional 54,481 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Global X Internet of Things ETF by 575.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,331 shares of the company’s stock valued at $50,000 after purchasing an additional 1,134 shares in the last quarter. Sei Investments Co. bought a new position in shares of Global X Internet of Things ETF during the second quarter valued at $243,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of Global X Internet of Things ETF by 7.3% during the second quarter. Raymond James Financial Inc. now owns 31,666 shares of the company’s stock valued at $1,196,000 after purchasing an additional 2,155 shares in the last quarter.

Global X Internet of Things ETF Trading Up 1.6%

Global X Internet of Things ETF stock traded up $0.64 during mid-day trading on Monday, hitting $40.50. The company had a trading volume of 7,482 shares, compared to its average volume of 17,749. The stock’s 50 day moving average price is $38.72 and its two-hundred day moving average price is $38.18. Global X Internet of Things ETF has a 12 month low of $29.06 and a 12 month high of $41.15. The company has a market capitalization of $201.69 million, a PE ratio of 26.18 and a beta of 1.26.

Global X Internet of Things ETF Company Profile

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.