Global X Internet of Things ETF (NASDAQ:SNSR) Shares Shorted: Short Interest Up 108.5% in October

Global X Internet of Things ETF (NASDAQ:SNSR) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 8,346 shares, a growth of 108.5% from the September 30th total of 4,003 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 9,341 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On Global X Internet of Things ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in 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 worth $29,233,000 after purchasing an additional 63,447 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Global X Internet of Things ETF during the 3rd quarter worth $3,027,000. Moran Wealth Management LLC boosted its position in Global X Internet of Things ETF by 5.7% in the 1st quarter. Moran Wealth Management LLC now owns 48,603 shares of the company’s stock valued at $1,811,000 after buying an additional 2,603 shares during the last quarter. Royal Bank of Canada boosted its position in Global X Internet of Things ETF by 17.8% in the 1st quarter. Royal Bank of Canada now owns 16,378 shares of the company’s stock valued at $610,000 after buying an additional 2,472 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Global X Internet of Things ETF by 4.1% in the 1st quarter. Cetera Investment Advisers now owns 12,430 shares of the company’s stock valued at $463,000 after buying an additional 485 shares during the period.

Global X Internet of Things ETF Price Performance

NASDAQ:SNSR opened at $46.54 on Friday. The stock has a market cap of $199.19 million, a P/E ratio of 26.18 and a beta of 1.36. Global X Internet of Things ETF has a one year low of $34.20 and a one year high of $53.80. The company has a fifty day moving average price of $47.70 and a 200 day moving average price of $44.89.

Global X Internet of Things ETF Company Profile

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.