Global X Social Media ETF (NASDAQ:SOCL) Short Interest Update

Global X Social Media ETF (NASDAQ:SOCL) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 13,164 shares, a decline of 41.1% from the February 26th total of 22,362 shares. Based on an average daily volume of 22,098 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Trading of Global X Social Media ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SOCL. Northwestern Mutual Wealth Management Co. grew 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 worth $14,634,000 after purchasing an additional 264,889 shares during the last quarter. Great Diamond Partners LLC raised its holdings in shares of Global X Social Media ETF by 11.0% during the fourth 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Global X Social Media ETF during the third quarter valued at approximately $2,618,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Global X Social Media ETF during the third quarter worth approximately $2,227,000. Finally, UBS Group AG boosted its position in shares of Global X Social Media ETF by 3.0% during the third quarter. UBS Group AG now owns 24,842 shares of the company’s stock worth $1,509,000 after buying an additional 734 shares during the period.

Global X Social Media ETF Stock Performance

Shares of SOCL stock traded down $0.61 during mid-day trading on Friday, reaching $41.65. 6,299 shares of the company were exchanged, compared to its average volume of 13,617. The business’s 50 day simple moving average is $50.07 and its 200 day simple moving average is $54.80. The company has a market capitalization of $96.21 million, a P/E ratio of 21.77 and a beta of 0.94. Global X Social Media ETF has a fifty-two week low of $37.50 and a fifty-two week high of $63.93.

Global X Social Media ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.1276 per share. This represents a yield of 46.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.