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

Global X Social Media ETF (NASDAQ:SOCL) was the target of a large growth in short interest in 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. Approximately 5.3% of the company’s shares are short sold. Based on an average daily volume of 20,001 shares, the short-interest ratio is presently 5.3 days.

Institutional Investors Weigh In On Global X Social Media ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC acquired a new stake in Global X Social Media ETF during the fourth quarter valued at approximately $50,000. Kestra Advisory Services LLC acquired a new position in shares of Global X Social Media ETF during the fourth quarter valued at $126,000. Rockefeller Capital Management L.P. boosted its stake 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 purchasing an additional 879 shares during the period. Ameriprise Financial Inc. bought a new position in Global X Social Media ETF in the 2nd quarter worth approximately $243,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Global X Social Media ETF in the second quarter worth $291,000.

Global X Social Media ETF Trading Up 1.4%

SOCL traded up $0.61 during trading on Friday, hitting $44.14. 4,620 shares of the company’s stock were exchanged, compared to its average volume of 10,379. The firm has a market cap of $87.84 million, a P/E ratio of 21.77 and a beta of 1.02. The stock has a 50 day moving average price of $45.59 and a 200 day moving average price of $45.75. Global X Social Media ETF has a 1 year low of $41.35 and a 1 year high of $63.93.

Global X Social Media ETF Dividend Announcement

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

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.