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

Global X Internet of Things ETF (NASDAQ:SNSR) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 10,642 shares, a decline of 38.8% from the May 31st total of 17,381 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 30,610 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Global X Internet of Things ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in Global X Internet of Things ETF by 8.8% in the first quarter. Bank of America Corp DE now owns 784,338 shares of the company’s stock worth $29,233,000 after buying an additional 63,447 shares in the last quarter. Jane Street Group LLC raised its position in shares of Global X Internet of Things ETF by 213.5% in the 1st 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. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Global X Internet of Things ETF by 61.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,000 shares of the company’s stock worth $2,661,000 after acquiring an additional 27,500 shares in the last quarter. Moran Wealth Management LLC lifted its stake in shares of Global X Internet of Things ETF by 57.8% during the 4th quarter. Moran Wealth Management LLC now owns 46,000 shares of the company’s stock worth $1,700,000 after purchasing an additional 16,850 shares during the last quarter. Finally, Flow Traders U.S. LLC lifted its stake in shares of Global X Internet of Things ETF by 34.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 63,213 shares of the company’s stock worth $2,466,000 after purchasing an additional 16,159 shares during the last quarter.

Global X Internet of Things ETF Stock Down 2.0%

NASDAQ:SNSR traded down $0.96 during mid-day trading on Thursday, reaching $48.26. The company’s stock had a trading volume of 33,609 shares, compared to its average volume of 20,606. Global X Internet of Things ETF has a 1 year low of $34.20 and a 1 year high of $53.80. The stock has a fifty day moving average of $48.54 and a 200-day moving average of $42.07. The firm has a market capitalization of $234.06 million, a PE ratio of 26.18 and a beta of 1.35.

Global X Internet of Things ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th will be given a $0.0798 dividend. The ex-dividend date of this dividend is Monday, June 29th.

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.