Short Interest in Global X Social Media ETF (NASDAQ:SOCL) Decreases By 57.1%

Global X Social Media ETF (NASDAQ:SOCL) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 11,733 shares, a drop of 57.1% from the May 31st total of 27,345 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 13,768 shares, the short-interest ratio is presently 0.9 days.

Global X Social Media ETF Price Performance

NASDAQ SOCL traded up $1.58 on Wednesday, hitting $45.39. The stock had a trading volume of 3,711 shares, compared to its average volume of 11,165. The business’s fifty day moving average price is $45.79 and its 200 day moving average price is $49.11. The stock has a market cap of $91.23 million, a price-to-earnings ratio of 21.77 and a beta of 1.01. 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 Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th will be given a $0.0882 dividend. The ex-dividend date of this dividend is Monday, June 29th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC purchased a new stake in shares of Global X Social Media ETF during the fourth quarter worth about $50,000. Kestra Advisory Services LLC acquired a new stake in Global X Social Media ETF in the 4th quarter worth approximately $126,000. Rockefeller Capital Management L.P. boosted its stake in Global X Social Media ETF by 47.9% in the 4th 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 in the last quarter. Ameriprise Financial Inc. purchased a new stake in Global X Social Media ETF during the 2nd quarter worth approximately $243,000. Finally, Flow Traders U.S. LLC purchased a new stake in Global X Social Media ETF during the 2nd quarter worth approximately $291,000.

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.