Short Interest in Global X Social Media ETF (NASDAQ:SOCL) Increases By 257.4%

Global X Social Media ETF (NASDAQ:SOCL) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 11,847 shares, a growth of 257.4% from the July 30th total of 3,315 shares. Based on an average daily volume of 6,306 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Trading of Global X Social Media ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC purchased a new position in Global X Social Media ETF during the 4th quarter valued at about $50,000. Kestra Advisory Services LLC purchased a new stake in Global X Social Media ETF in the fourth quarter worth about $126,000. Rockefeller Capital Management L.P. grew its holdings 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 purchasing an additional 879 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Global X Social Media ETF during the second quarter valued at approximately $243,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Global X Social Media ETF during the second quarter valued at approximately $291,000.

Global X Social Media ETF Price Performance

SOCL stock traded up $0.52 during midday trading on Friday, hitting $45.22. The stock had a trading volume of 5,107 shares, compared to its average volume of 10,057. The business has a 50-day moving average of $45.41 and a two-hundred day moving average of $46.16. The firm has a market cap of $89.99 million, a price-to-earnings ratio of 21.77 and a beta of 1.02. Global X Social Media ETF has a 52-week low of $41.35 and a 52-week high of $63.93.

Global X Social Media ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were issued a dividend of $0.0882 per share. The ex-dividend date was Monday, June 29th.

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.