Global X Social Media ETF (NASDAQ:SOCL) Short Interest Up 205.6% in May

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 27,345 shares, an increase of 205.6% from the May 14th total of 8,948 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 10,346 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake in Global X Social Media ETF by 555.6% during the 1st quarter. Parallel Advisors LLC now owns 5,900 shares of the company’s stock worth $255,000 after buying an additional 5,000 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Global X Social Media ETF by 8.9% in the first quarter. Bank of America Corp DE now owns 236,306 shares of the company’s stock worth $10,232,000 after purchasing an additional 19,333 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Global X Social Media ETF by 47.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock worth $150,000 after purchasing an additional 879 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Global X Social Media ETF in the fourth quarter worth $347,000. Finally, Cetera Investment Advisers grew its stake in shares of Global X Social Media ETF by 53.5% in the fourth quarter. Cetera Investment Advisers now owns 5,951 shares of the company’s stock worth $329,000 after purchasing an additional 2,074 shares in the last quarter.

Global X Social Media ETF Price Performance

Shares of SOCL opened at $45.90 on Friday. The company has a market cap of $92.26 million, a P/E ratio of 21.77 and a beta of 1.01. The stock has a fifty day moving average price of $46.00 and a 200 day moving average price of $50.12. Global X Social Media ETF has a 12 month low of $41.35 and a 12 month high of $63.93.

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.