Global X Social Media ETF (NASDAQ:SOCL) Sees Large Decrease in Short Interest

Global X Social Media ETF (NASDAQ:SOCL) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 9,718 shares, a decline of 84.9% from the December 31st total of 64,539 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 17,275 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 17,275 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Global X Social Media ETF

Several institutional investors and hedge funds have recently made changes to their positions in SOCL. Valeo Financial Advisors LLC bought a new stake in Global X Social Media ETF during the 2nd quarter worth approximately $213,000. Ameriprise Financial Inc. acquired a new position in Global X Social Media ETF in the second quarter worth $243,000. Flow Traders U.S. LLC bought a new stake in shares of Global X Social Media ETF during the second quarter worth $291,000. Sei Investments Co. acquired a new stake in shares of Global X Social Media ETF in the second quarter valued at $299,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Global X Social Media ETF by 64.4% in the second quarter. Osaic Holdings Inc. now owns 6,481 shares of the company’s stock valued at $347,000 after buying an additional 2,538 shares during the last quarter.

Global X Social Media ETF Stock Down 0.1%

Shares of SOCL traded down $0.09 during trading hours on Thursday, reaching $57.42. The company’s stock had a trading volume of 2,525 shares, compared to its average volume of 12,199. The firm has a market cap of $132.65 million, a price-to-earnings ratio of 21.77 and a beta of 0.94. The company has a 50 day moving average of $55.88 and a two-hundred day moving average of $57.03. Global X Social Media ETF has a 1-year low of $37.50 and a 1-year high of $63.93.

Global X Social Media ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.1276 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 46.0%.

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.