Global X Social Media ETF (NASDAQ:SOCL) Sees Significant Increase in Short Interest

Global X Social Media ETF (NASDAQ:SOCL) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 22,362 shares, a growth of 118.4% from the February 12th total of 10,241 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 10,917 shares, the short-interest ratio is presently 2.0 days. Based on an average daily trading volume, of 10,917 shares, the short-interest ratio is presently 2.0 days. Currently, 1.0% of the company’s stock are sold short.

Global X Social Media ETF Trading Down 1.8%

Shares of NASDAQ SOCL opened at $47.28 on Thursday. The stock has a market capitalization of $109.22 million, a PE ratio of 21.77 and a beta of 0.94. The stock’s fifty day simple moving average is $53.04 and its two-hundred day simple moving average is $55.88. Global X Social Media ETF has a 12-month low of $37.50 and a 12-month 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. Investors of record on Tuesday, December 30th were paid a dividend of $0.1276 per share. This represents a dividend yield of 46.0%. The ex-dividend date was Tuesday, December 30th.

Hedge Funds Weigh In On Global X Social Media ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new position in Global X Social Media ETF in the second quarter worth about $291,000. Sei Investments Co. bought a new stake in shares of Global X Social Media ETF in the 2nd quarter valued at about $299,000. Raymond James Financial Inc. grew its position in shares of Global X Social Media ETF by 15.6% in the 2nd quarter. Raymond James Financial Inc. now owns 11,158 shares of the company’s stock worth $596,000 after buying an additional 1,509 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Global X Social Media ETF in the 2nd quarter worth approximately $482,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Global X Social Media ETF during the 2nd quarter worth approximately $243,000.

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.