Global X Internet of Things ETF (NASDAQ:SNSR) Short Interest Up 93.0% in May

Global X Internet of Things ETF (NASDAQ:SNSR) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 12,378 shares, a growth of 93.0% from the April 30th total of 6,413 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 30,604 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Global X Internet of Things ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of Global X Internet of Things ETF by 8.8% in the 1st quarter. Bank of America Corp DE now owns 784,338 shares of the company’s stock valued at $29,233,000 after buying an additional 63,447 shares during the period. Royal Bank of Canada raised its stake in Global X Internet of Things ETF by 17.8% during the 1st quarter. Royal Bank of Canada now owns 16,378 shares of the company’s stock worth $610,000 after buying an additional 2,472 shares during the period. MWA Asset Management bought a new position in Global X Internet of Things ETF in the first quarter worth approximately $45,000. Cetera Investment Advisers boosted its holdings in Global X Internet of Things ETF by 4.1% in the first quarter. Cetera Investment Advisers now owns 12,430 shares of the company’s stock worth $463,000 after acquiring an additional 485 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Global X Internet of Things ETF in the first quarter valued at approximately $207,000.

Global X Internet of Things ETF Price Performance

Shares of NASDAQ:SNSR traded down $0.09 during mid-day trading on Wednesday, hitting $53.71. The company had a trading volume of 14,172 shares, compared to its average volume of 19,900. The company has a market capitalization of $263.72 million, a PE ratio of 26.18 and a beta of 1.32. Global X Internet of Things ETF has a one year low of $34.20 and a one year high of $53.80. The firm has a fifty day moving average price of $43.57 and a 200 day moving average price of $39.97.

About Global X Internet of Things ETF

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.