Short Interest in Global X Social Media ETF (NASDAQ:SOCL) Declines By 73.3%

Global X Social Media ETF (NASDAQ:SOCL) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 3,136 shares, a decline of 73.3% from the June 15th total of 11,733 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 10,380 shares, the short-interest ratio is presently 0.3 days.

Global X Social Media ETF Trading Up 0.2%

SOCL traded up $0.10 during trading hours on Tuesday, hitting $46.20. The company’s stock had a trading volume of 1,170 shares, compared to its average volume of 10,762. The company has a 50-day simple moving average of $45.68 and a 200 day simple moving average of $48.55. The firm has a market capitalization of $91.94 million, a PE ratio of 21.77 and a beta of 1.01. Global X Social Media ETF has a fifty-two week low of $41.35 and a fifty-two week high of $63.93.

Global X Social Media ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were issued a $0.0882 dividend. The ex-dividend date of this dividend was Monday, June 29th.

Institutional Trading of Global X Social Media ETF

A number of institutional investors have recently made changes to their positions in SOCL. Ameriprise Financial Inc. raised its holdings in Global X Social Media ETF by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 4,825 shares of the company’s stock worth $293,000 after purchasing an additional 269 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Global X Social Media ETF by 5.8% during the 4th quarter. Osaic Holdings Inc. now owns 6,865 shares of the company’s stock valued at $380,000 after purchasing an additional 376 shares during the period. Flow Traders U.S. LLC increased its position in shares of Global X Social Media ETF by 10.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 6,001 shares of the company’s stock valued at $365,000 after purchasing an additional 550 shares during the period. UBS Group AG raised its stake in shares of Global X Social Media ETF by 3.0% in the 3rd quarter. UBS Group AG now owns 24,842 shares of the company’s stock worth $1,509,000 after buying an additional 734 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Global X Social Media ETF by 47.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock worth $150,000 after buying an additional 879 shares in the last quarter.

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.