Global X Social Media ETF (NASDAQ:SOCL) Shares Down 0.2% – What’s Next?

Global X Social Media ETF (NASDAQ:SOCL) was down 0.2% during mid-day trading on Monday . The company traded as low as $45.22 and last traded at $45.40. Approximately 8,811 shares were traded during trading, a decline of 20% from the average daily volume of 10,961 shares. The stock had previously closed at $45.50.

Global X Social Media ETF Price Performance

The stock’s fifty day moving average is $45.68 and its 200-day moving average is $51.39. The stock has a market capitalization of $91.25 million, a PE ratio of 21.77 and a beta of 1.02.

Institutional Trading of Global X Social Media ETF

A number of hedge funds have recently added to or reduced their stakes in SOCL. Parallel Advisors LLC purchased a new stake in Global X Social Media ETF during the fourth quarter worth $50,000. Kestra Advisory Services LLC purchased a new stake in Global X Social Media ETF during the fourth quarter worth $126,000. Rockefeller Capital Management L.P. boosted its holdings in Global X Social Media ETF by 47.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock worth $150,000 after buying an additional 879 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Global X Social Media ETF during the second quarter worth $243,000. Finally, Flow Traders U.S. LLC purchased a new stake in Global X Social Media ETF during the second quarter worth $291,000.

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.