Global X Social Media ETF (NASDAQ:SOCL) Short Interest Down 84.9% in January

Global X Social Media ETF (NASDAQ:SOCL) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 9,718 shares, a decline of 84.9% from the December 31st total of 64,539 shares. Based on an average trading volume of 17,275 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 17,275 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Global X Social Media ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC purchased a new position in shares of Global X Social Media ETF in the second quarter worth about $213,000. Ameriprise Financial Inc. purchased a new position in shares of Global X Social Media ETF in the second quarter worth $243,000. Flow Traders U.S. LLC bought a new stake in Global X Social Media ETF during the 2nd quarter valued at $291,000. Sei Investments Co. bought a new stake in Global X Social Media ETF in the 2nd quarter worth $299,000. Finally, Osaic Holdings Inc. increased its position in shares of Global X Social Media ETF by 64.4% in the second quarter. Osaic Holdings Inc. now owns 6,481 shares of the company’s stock valued at $347,000 after acquiring an additional 2,538 shares during the period.

Global X Social Media ETF Price Performance

SOCL stock traded up $0.30 during mid-day trading on Wednesday, hitting $57.81. 3,190 shares of the stock were exchanged, compared to its average volume of 12,478. The business has a fifty day moving average price of $55.80 and a 200 day moving average price of $57.03. Global X Social Media ETF has a 12 month low of $37.50 and a 12 month high of $63.93. The stock has a market capitalization of $133.54 million, a price-to-earnings ratio of 21.77 and a beta of 0.94.

Global X Social Media ETF Announces Dividend

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

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.