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

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 11,733 shares, a decline of 57.1% from the May 31st total of 27,345 shares. Based on an average daily trading volume, of 13,768 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s shares are sold short.

Global X Social Media ETF Trading Up 0.1%

SOCL stock traded up $0.06 during trading on Tuesday, hitting $43.92. The company had a trading volume of 4,569 shares, compared to its average volume of 11,227. The stock has a market cap of $88.28 million, a PE ratio of 21.77 and a beta of 1.01. The business has a 50-day moving average of $45.79 and a 200-day moving average of $49.11. Global X Social Media ETF has a one year low of $41.35 and a one year high of $63.93.

Global X Social Media 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 issued a $0.0882 dividend. The ex-dividend date is Monday, June 29th.

Institutional Trading of Global X Social Media ETF

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in Global X Social Media ETF by 161,517.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 265,053 shares of the company’s stock valued at $14,634,000 after purchasing an additional 264,889 shares in the last quarter. Great Diamond Partners LLC increased its position in Global X Social Media ETF by 11.0% in the 4th quarter. Great Diamond Partners LLC now owns 46,397 shares of the company’s stock valued at $2,562,000 after buying an additional 4,584 shares in the last quarter. AAFMAA Wealth Management & Trust LLC acquired a new position in Global X Social Media ETF during the 4th quarter worth approximately $479,000. Sei Investments Co. bought a new position in Global X Social Media ETF in the second quarter worth approximately $299,000. Finally, Ameriprise Financial Inc. boosted its holdings in Global X Social Media ETF by 5.9% in the third quarter. Ameriprise Financial Inc. now owns 4,825 shares of the company’s stock worth $293,000 after acquiring an additional 269 shares in the last quarter.

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.