Global X Social Media ETF (NASDAQ:SOCL) Sees Significant Growth in Short Interest

Global X Social Media ETF (NASDAQ:SOCL – Get Free Report) saw a large increase in short interest in 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 stock are sold short. Based on an average trading volume of 6,306 shares, the short-interest ratio is presently 1.9 days.

Global X Social Media ETF Price Performance

NASDAQ SOCL opened at $44.95 on Thursday. Global X Social Media ETF has a 12 month low of $41.35 and a 12 month high of $63.93. The firm has a market capitalization of $89.45 million, a PE ratio of 21.77 and a beta of 1.02. The company’s 50 day simple moving average is $45.42 and its 200 day simple moving average is $46.21.

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Global X Social Media ETF Dividend Announcement

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

Hedge Funds Weigh In On Global X Social Media ETF

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC acquired a new stake in shares of Global X Social Media ETF in the fourth quarter valued at $50,000. Kestra Advisory Services LLC acquired a new position in Global X Social Media ETF during the fourth quarter worth about $126,000. Rockefeller Capital Management L.P. raised its position in Global X Social Media ETF by 47.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock worth $150,000 after acquiring an additional 879 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Global X Social Media ETF in the second quarter worth about $243,000. Finally, Flow Traders U.S. LLC acquired a new stake in Global X Social Media ETF in the 2nd quarter valued at about $291,000.

Global X Social Media ETF Company Profile

(Get Free Report)

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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