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

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 10,241 shares, a decrease of 17.0% from the January 29th total of 12,342 shares. Based on an average daily trading volume, of 16,841 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,841 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Global X Social Media ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOCL. Great Diamond Partners LLC bought a new stake in shares of Global X Social Media ETF during the 3rd quarter valued at about $2,540,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Global X Social Media ETF in the third quarter valued at approximately $2,618,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Global X Social Media ETF during the third quarter valued at approximately $2,227,000. Raymond James Financial Inc. lifted its position in Global X Social Media ETF by 15.6% during the second quarter. Raymond James Financial Inc. now owns 11,158 shares of the company’s stock valued at $596,000 after purchasing an additional 1,509 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in Global X Social Media ETF by 5.8% in the 4th quarter. Osaic Holdings Inc. now owns 6,865 shares of the company’s stock worth $380,000 after buying an additional 376 shares in the last quarter.

Global X Social Media ETF Trading Up 0.9%

Global X Social Media ETF stock opened at $47.77 on Thursday. Global X Social Media ETF has a 1-year low of $37.50 and a 1-year high of $63.93. The firm has a market capitalization of $110.35 million, a PE ratio of 21.77 and a beta of 0.94. The firm’s 50 day simple moving average is $53.81 and its 200 day simple moving average is $56.23.

Global X Social Media ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a $0.1276 dividend. This represents a dividend yield of 46.0%. The ex-dividend date 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.