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

Global X Social Media ETF (NASDAQ:SOCL) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 13,164 shares, a decline of 41.1% from the February 26th total of 22,362 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 22,098 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Global X Social Media ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in Global X Social Media ETF by 5.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,825 shares of the company’s stock worth $293,000 after buying an additional 269 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Global X Social Media ETF by 5.8% in the 4th quarter. Osaic Holdings Inc. now owns 6,865 shares of the company’s stock valued at $380,000 after acquiring an additional 376 shares during the last quarter. Flow Traders U.S. LLC increased its stake in shares of Global X Social Media ETF by 10.1% in the third quarter. Flow Traders U.S. LLC now owns 6,001 shares of the company’s stock worth $365,000 after acquiring an additional 550 shares during the period. UBS Group AG increased its stake in shares of Global X Social Media ETF by 3.0% in the third quarter. UBS Group AG now owns 24,842 shares of the company’s stock worth $1,509,000 after acquiring an additional 734 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Global X Social Media ETF by 47.9% during the fourth 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 during the last quarter.

Global X Social Media ETF Trading Down 4.7%

Shares of Global X Social Media ETF stock opened at $42.26 on Friday. The firm’s 50 day simple moving average is $50.37 and its two-hundred day simple moving average is $54.95. The firm has a market capitalization of $97.62 million, a price-to-earnings ratio of 21.77 and a beta of 0.94. 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. Stockholders of record on Tuesday, December 30th were issued 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.