Short Interest in Global X Internet of Things ETF (NASDAQ:SNSR) Decreases By 38.8%

Global X Internet of Things ETF (NASDAQ:SNSR) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 10,642 shares, a decline of 38.8% from the May 31st total of 17,381 shares. Based on an average trading volume of 30,610 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Global X Internet of Things ETF Trading Down 2.0%

NASDAQ:SNSR opened at $48.24 on Friday. Global X Internet of Things ETF has a 12 month low of $34.20 and a 12 month high of $53.80. The stock has a market capitalization of $233.96 million, a price-to-earnings ratio of 26.18 and a beta of 1.35. The firm has a fifty day simple moving average of $48.64 and a two-hundred day simple moving average of $42.14.

Global X Internet of Things ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 29th will be given a $0.0798 dividend. The ex-dividend date of this dividend is Monday, June 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Global X Internet of Things ETF by 8.8% during the first quarter. Bank of America Corp DE now owns 784,338 shares of the company’s stock valued at $29,233,000 after buying an additional 63,447 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Global X Internet of Things ETF by 213.5% in the 1st quarter. Jane Street Group LLC now owns 80,000 shares of the company’s stock worth $2,635,000 after acquiring an additional 54,481 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Global X Internet of Things ETF by 61.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,000 shares of the company’s stock worth $2,661,000 after acquiring an additional 27,500 shares during the last quarter. Moran Wealth Management LLC lifted its position in Global X Internet of Things ETF by 57.8% in the 4th quarter. Moran Wealth Management LLC now owns 46,000 shares of the company’s stock valued at $1,700,000 after acquiring an additional 16,850 shares in the last quarter. Finally, Flow Traders U.S. LLC lifted its holdings in shares of Global X Internet of Things ETF by 34.3% in the third quarter. Flow Traders U.S. LLC now owns 63,213 shares of the company’s stock valued at $2,466,000 after purchasing an additional 16,159 shares in the last quarter.

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.