Global X Social Media ETF (NASDAQ:SOCL) Short Interest Update

Global X Social Media ETF (NASDAQ:SOCL) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 12,342 shares, a growth of 27.0% from the January 15th total of 9,718 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 6,186 shares, the short-interest ratio is currently 2.0 days. Based on an average daily volume of 6,186 shares, the short-interest ratio is currently 2.0 days. Approximately 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X Social Media ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in shares of Global X Social Media ETF during the 4th quarter valued at $50,000. Kestra Advisory Services LLC purchased a new position in Global X Social Media ETF during the 4th quarter valued at about $126,000. Valeo Financial Advisors LLC bought a new stake in Global X Social Media ETF during the second quarter worth about $213,000. Ameriprise Financial Inc. purchased a new stake in Global X Social Media ETF in the second quarter worth about $243,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Global X Social Media ETF during the second quarter valued at approximately $291,000.

Global X Social Media ETF Trading Down 0.3%

Shares of NASDAQ:SOCL traded down $0.13 during trading on Tuesday, reaching $49.36. 58,629 shares of the company traded hands, compared to its average volume of 15,211. Global X Social Media ETF has a 52-week low of $37.50 and a 52-week high of $63.93. The firm has a market capitalization of $114.02 million, a price-to-earnings ratio of 21.77 and a beta of 0.94. The business’s fifty day moving average is $55.06 and its 200-day moving average is $56.85.

Global X Social Media ETF Announces Dividend

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

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.