Global X Social Media ETF (NASDAQ:SOCL) Stock Short Interest Report for October

Global X Social Media ETF (NASDAQ:SOCL) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 10,031 shares, an increase of 268.2% from the October 15th total of 2,724 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 7,113 shares, the short-interest ratio is currently 1.4 days.

Global X Social Media ETF Stock Performance

Shares of SOCL stock traded down $0.22 during mid-day trading on Friday, reaching $40.72. The company’s stock had a trading volume of 3,501 shares, compared to its average volume of 9,875. The firm’s 50-day moving average is $43.17 and its two-hundred day moving average is $45.78. The company has a market cap of $77.37 million, a P/E ratio of 16.49 and a beta of 1.05. Global X Social Media ETF has a 1-year low of $39.23 and a 1-year high of $59.06.

Institutional Trading of Global X Social Media ETF

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

Global X Social Media ETF Company Profile

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.