Short Interest in Global X Social Media ETF (NASDAQ:SOCL) Expands By 791.6%

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 105,626 shares, a growth of 791.6% from the August 15th total of 11,847 shares. Based on an average daily trading volume, of 20,001 shares, the short-interest ratio is presently 5.3 days. Approximately 5.3% of the company’s shares are sold short.

Global X Social Media ETF Stock Performance

Shares of Global X Social Media ETF stock traded down $0.13 during midday trading on Thursday, reaching $43.53. 9,752 shares of the company’s stock traded hands, compared to its average volume of 10,419. The stock has a 50 day moving average of $45.59 and a 200-day moving average of $45.75. Global X Social Media ETF has a 12 month low of $41.35 and a 12 month high of $63.93. The company has a market cap of $86.62 million, a PE ratio of 21.77 and a beta of 1.02.

Global X Social Media ETF Dividend Announcement

The business also recently disclosed a semiannual dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were issued a $0.0882 dividend. The ex-dividend date was Monday, June 29th. This represents a yield of 40.0%.

Institutional Investors Weigh In On Global X Social Media ETF

Several institutional investors and hedge funds have recently modified their holdings of SOCL. AAFMAA Wealth Management & Trust LLC increased its position in shares of Global X Social Media ETF by 5.1% during the second quarter. AAFMAA Wealth Management & Trust LLC now owns 25,421 shares of the company’s stock valued at $1,114,000 after buying an additional 1,228 shares during the period. Parallel Advisors LLC lifted its holdings in Global X Social Media ETF by 555.6% in the first quarter. Parallel Advisors LLC now owns 5,900 shares of the company’s stock worth $255,000 after buying an additional 5,000 shares during the period. Bank of America Corp DE lifted its holdings in Global X Social Media ETF by 8.9% in the first quarter. Bank of America Corp DE now owns 236,306 shares of the company’s stock worth $10,232,000 after buying an additional 19,333 shares during the period. Rockefeller Capital Management L.P. boosted its position in Global X Social Media ETF by 47.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock valued at $150,000 after acquiring an additional 879 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Global X Social Media ETF during the 4th quarter valued at approximately $347,000.

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.