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

Global X Social Media ETF (NASDAQ:SOCL) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 64,539 shares, an increase of 7,184.3% from the December 15th total of 886 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 26,954 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily trading volume, of 26,954 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.7% of the shares of the company are short sold.

Global X Social Media ETF Trading Up 1.9%

Shares of NASDAQ:SOCL traded up $1.09 during midday trading on Monday, hitting $58.53. The stock had a trading volume of 4,584 shares, compared to its average volume of 21,755. The company has a market capitalization of $138.13 million, a PE ratio of 21.77 and a beta of 0.94. Global X Social Media ETF has a 1 year low of $37.50 and a 1 year high of $63.93. The stock has a 50 day moving average price of $55.53 and a two-hundred day moving average price of $56.70.

Global X Social Media ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, January 7th. Shareholders 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 yield of 46.0%.

Institutional Trading of Global X Social Media ETF

A number of institutional investors have recently modified their holdings of SOCL. Valeo Financial Advisors LLC purchased a new position in Global X Social Media ETF in the second quarter worth $213,000. Flow Traders U.S. LLC purchased a new position in shares of Global X Social Media ETF in the 2nd quarter valued at about $291,000. Sei Investments Co. acquired a new stake in shares of Global X Social Media ETF in the second quarter valued at about $299,000. Raymond James Financial Inc. boosted its holdings in Global X Social Media ETF by 15.6% during the second quarter. Raymond James Financial Inc. now owns 11,158 shares of the company’s stock worth $596,000 after buying an additional 1,509 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Global X Social Media ETF during the second quarter worth about $482,000.

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.