Global X Social Media ETF (NASDAQ:SOCL) Sees Large Growth in Short Interest

Global X Social Media ETF (NASDAQ:SOCL) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 22,362 shares, an increase of 118.4% from the February 12th total of 10,241 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 10,917 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily trading volume, of 10,917 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Global X Social Media ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC bought a new position in Global X Social Media ETF in the 4th quarter valued at $50,000. Kestra Advisory Services LLC purchased a new stake in shares of Global X Social Media ETF during the fourth quarter valued at $126,000. Valeo Financial Advisors LLC bought 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 Global X Social Media ETF in the 2nd quarter worth about $243,000. Finally, Flow Traders U.S. LLC purchased a new position in Global X Social Media ETF in the 2nd quarter worth about $291,000.

Global X Social Media ETF Price Performance

Shares of SOCL traded down $0.10 during midday trading on Friday, hitting $46.34. The stock had a trading volume of 44,455 shares, compared to its average volume of 14,409. The stock’s 50 day moving average is $52.86 and its 200 day moving average is $55.82. The firm has a market cap of $107.05 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.

Global X Social Media ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid 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.