Global X Social Media ETF (NASDAQ:SOCL) Stock Short Interest Falls 98.0%

Global X Social Media ETF (NASDAQ:SOCL) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,083 shares, a decrease of 98.0% from the August 31st total of 105,626 shares. Based on an average daily volume of 4,947 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Global X Social Media ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in Global X Social Media ETF by 8.9% during the 1st quarter. Bank of America Corp DE now owns 236,306 shares of the company’s stock valued at $10,232,000 after purchasing an additional 19,333 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Global X Social Media ETF by 555.6% in the 1st quarter. Parallel Advisors LLC now owns 5,900 shares of the company’s stock worth $255,000 after purchasing an additional 5,000 shares in the last quarter. AAFMAA Wealth Management & Trust LLC raised its stake in shares of Global X Social Media ETF by 5.1% in the second quarter. AAFMAA Wealth Management & Trust LLC now owns 25,421 shares of the company’s stock worth $1,114,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Global X Social Media ETF by 47.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock valued at $150,000 after purchasing an additional 879 shares in the last quarter.

Global X Social Media ETF Stock Up 0.4%

Global X Social Media ETF stock traded up $0.20 during trading hours on Thursday, hitting $44.02. The stock had a trading volume of 1,746 shares, compared to its average volume of 10,655. The stock’s 50-day moving average price is $45.18 and its 200-day moving average price is $45.45. The stock has a market capitalization of $90.23 million, a P/E ratio of 21.77 and a beta of 1.02. Global X Social Media ETF has a 12-month low of $41.35 and a 12-month high of $61.88.

Global X Social Media ETF Dividend Announcement

The company also recently declared a semiannual dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 29th were given a dividend of $0.0882 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a dividend yield of 40.0%.

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.