Global X Internet of Things ETF (NASDAQ:SNSR) Sees Significant Drop in Short Interest

Global X Internet of Things ETF (NASDAQ:SNSR) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 3,213 shares, a decrease of 38.7% from the August 31st total of 5,238 shares. Based on an average daily volume of 14,219 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Global X Internet of Things ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Global X Internet of Things ETF by 8.8% in the 1st quarter. Bank of America Corp DE now owns 784,338 shares of the company’s stock valued at $29,233,000 after acquiring an additional 63,447 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Global X Internet of Things ETF during the second quarter worth $451,000. Worth Asset Management LLC acquired a new stake in shares of Global X Internet of Things ETF in the 2nd quarter valued at about $289,000. Avior Wealth Management LLC bought a new stake in Global X Internet of Things ETF in the 2nd quarter valued at approximately $314,000. Finally, Royal Bank of Canada boosted its position in Global X Internet of Things ETF by 17.8% during the 1st quarter. Royal Bank of Canada now owns 16,378 shares of the company’s stock worth $610,000 after acquiring an additional 2,472 shares during the last quarter.

Global X Internet of Things ETF Trading Up 2.5%

Shares of SNSR traded up $1.23 during mid-day trading on Friday, hitting $50.36. 2,242 shares of the company traded hands, compared to its average volume of 19,001. The stock has a market capitalization of $221.10 million, a price-to-earnings ratio of 26.18 and a beta of 1.36. The business has a 50-day moving average of $47.71 and a 200 day moving average of $46.34. Global X Internet of Things ETF has a one year low of $34.20 and a one year high of $53.80.

Global X Internet of Things ETF Company Profile

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.