ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) Sees Significant Increase in Short Interest

ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,738 shares, an increase of 474.0% from the September 30th total of 477 shares. Based on an average daily volume of 8,250 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

ALPS O’Shares Global Internet Giants ETF Stock Down 3.0%

Shares of OGIG traded down $1.50 during midday trading on Thursday, reaching $48.48. 5,663 shares of the stock were exchanged, compared to its average volume of 10,313. The company has a market cap of $98.41 million, a price-to-earnings ratio of 35.27 and a beta of 1.33. ALPS O’Shares Global Internet Giants ETF has a 12-month low of $39.07 and a 12-month high of $58.32. The firm has a 50 day simple moving average of $50.27 and a 200-day simple moving average of $46.57.

Hedge Funds Weigh In On ALPS O’Shares Global Internet Giants ETF

A hedge fund recently bought a new position in ALPS O’Shares Global Internet Giants ETF stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 577 shares of the company’s stock, valued at approximately $29,000.

ALPS O’Shares Global Internet Giants ETF Company Profile

The ALPS O’Shares Global Internet Giants ETF Shares (OGIG) is an exchange-traded fund that is based on the O’Shares Global Internet Giants index. The fund tracks an index of global internet and internet technology stocks, selected and weighted by growth and quality factors. OGIG was launched on Jun 5, 2018 and is managed by ALPS.