Global X Internet of Things ETF (NASDAQ:SNSR) Short Interest Down 37.6% in June

Global X Internet of Things ETF (NASDAQ:SNSR) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 6,645 shares, a drop of 37.6% from the June 15th total of 10,642 shares. Based on an average daily volume of 14,454 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Global X Internet of Things ETF Stock Performance

SNSR stock opened at $46.22 on Friday. The stock has a market capitalization of $221.86 million, a PE ratio of 26.18 and a beta of 1.35. The stock’s 50 day simple moving average is $49.31 and its 200 day simple moving average is $42.88. Global X Internet of Things ETF has a 12-month low of $34.20 and a 12-month high of $53.80.

Global X Internet of Things ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were given a dividend of $0.0798 per share. The ex-dividend date was Monday, June 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in Global X Internet of Things ETF by 61.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,000 shares of the company’s stock worth $2,661,000 after buying an additional 27,500 shares in the last quarter. Moran Wealth Management LLC lifted its stake in Global X Internet of Things ETF by 57.8% in the 4th quarter. Moran Wealth Management LLC now owns 46,000 shares of the company’s stock valued at $1,700,000 after buying an additional 16,850 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Global X Internet of Things ETF by 32.6% during the third quarter. Focus Partners Wealth now owns 15,418 shares of the company’s stock worth $601,000 after buying an additional 3,792 shares in the last quarter. Sei Investments Co. lifted its position in Global X Internet of Things ETF by 63.4% during the third quarter. Sei Investments Co. now owns 10,522 shares of the company’s stock worth $410,000 after buying an additional 4,083 shares in the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new stake in shares of Global X Internet of Things ETF in the 2nd quarter valued at approximately $211,000.

About Global X Internet of Things ETF

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.