Short Interest in Global X Social Media ETF (NASDAQ:SOCL) Decreases By 73.3%

Global X Social Media ETF (NASDAQ:SOCL) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,136 shares, a decrease of 73.3% from the June 15th total of 11,733 shares. Based on an average daily volume of 10,380 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Global X Social Media ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SOCL. Northwestern Mutual Wealth Management Co. lifted its position in Global X Social Media ETF by 161,517.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 265,053 shares of the company’s stock valued at $14,634,000 after acquiring an additional 264,889 shares in the last quarter. Great Diamond Partners LLC boosted its stake 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 worth $2,562,000 after purchasing an additional 4,584 shares during the period. AAFMAA Wealth Management & Trust LLC bought a new position in Global X Social Media ETF during the 4th quarter worth about $479,000. Ameriprise Financial Inc. increased its holdings in Global X Social Media ETF by 5.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,825 shares of the company’s stock worth $293,000 after purchasing an additional 269 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Global X Social Media ETF in the 2nd quarter valued at about $291,000.

Global X Social Media ETF Stock Performance

SOCL stock traded up $0.05 during mid-day trading on Friday, hitting $46.36. 2,469 shares of the company were exchanged, compared to its average volume of 10,907. The firm has a market cap of $92.26 million, a P/E ratio of 21.77 and a beta of 1.01. The firm’s 50 day simple moving average is $45.68 and its 200 day simple moving average is $48.61. Global X Social Media ETF has a 1-year low of $41.35 and a 1-year high of $63.93.

Global X Social Media ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 29th were given a dividend of $0.0882 per share. The ex-dividend date of this dividend was Monday, June 29th.

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.