Short Interest in Global X Social Media ETF (NASDAQ:SOCL) Rises By 27.0%

Global X Social Media ETF (NASDAQ:SOCL) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 12,342 shares, an increase of 27.0% from the January 15th total of 9,718 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 6,186 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily trading volume, of 6,186 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of Global X Social Media ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC purchased a new position in shares of Global X Social Media ETF during the 4th quarter valued at approximately $50,000. Kestra Advisory Services LLC purchased a new stake in Global X Social Media ETF in the 4th quarter worth $126,000. Valeo Financial Advisors LLC acquired a new position in Global X Social Media ETF during the second quarter worth $213,000. Ameriprise Financial Inc. purchased a new position in Global X Social Media ETF during the second quarter valued at $243,000. Finally, Flow Traders U.S. LLC purchased a new position in Global X Social Media ETF during the second quarter valued at $291,000.

Global X Social Media ETF Trading Down 0.6%

SOCL traded down $0.30 on Monday, reaching $49.51. The stock had a trading volume of 10,282 shares, compared to its average volume of 13,766. The business’s 50-day moving average price is $55.32 and its two-hundred day moving average price is $56.92. Global X Social Media ETF has a 12-month low of $37.50 and a 12-month high of $63.93. The company has a market cap of $114.37 million, a P/E ratio of 21.77 and a beta of 0.94.

Global X Social Media ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a $0.1276 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 46.0%.

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.