Global X Social Media ETF (NASDAQ:SOCL) Stock Short Interest Rises 268.2%

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 10,031 shares, a growth of 268.2% from the October 15th total of 2,724 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 7,113 shares, the short-interest ratio is presently 1.4 days.

Global X Social Media ETF Price Performance

SOCL traded down $0.62 on Thursday, hitting $41.10. The company had a trading volume of 4,537 shares, compared to its average volume of 9,896. The stock has a fifty day simple moving average of $43.25 and a 200-day simple moving average of $45.87. The firm has a market capitalization of $78.08 million, a P/E ratio of 16.49 and a beta of 1.05. Global X Social Media ETF has a 52-week low of $39.23 and a 52-week high of $59.06.

Institutional Investors Weigh In On Global X Social Media ETF

Hedge funds have recently made changes to their positions in the company. AAFMAA Wealth Management & Trust LLC boosted its holdings in shares of Global X Social Media ETF by 5.1% during the 2nd 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 in the last quarter. Parallel Advisors LLC grew its position in shares of Global X Social Media ETF by 555.6% in the 1st 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. Finally, Bank of America Corp DE increased its stake in shares of Global X Social Media ETF by 8.9% in the 1st quarter. Bank of America Corp DE now owns 236,306 shares of the company’s stock worth $10,232,000 after acquiring an additional 19,333 shares in the last quarter.

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.