Short Interest in Global X Social Media ETF (NASDAQ:SOCL) Rises By 205.6%

Global X Social Media ETF (NASDAQ:SOCL) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 27,345 shares, a growth of 205.6% from the May 14th total of 8,948 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 10,346 shares, the short-interest ratio is currently 2.6 days.

Global X Social Media ETF Stock Down 0.4%

NASDAQ SOCL traded down $0.17 during midday trading on Friday, hitting $45.90. The company had a trading volume of 12,265 shares, compared to its average volume of 11,252. The stock has a market cap of $92.26 million, a price-to-earnings ratio of 21.77 and a beta of 1.01. The firm has a fifty day simple moving average of $46.00 and a two-hundred day simple moving average of $50.12. Global X Social Media ETF has a fifty-two week low of $41.35 and a fifty-two week high of $63.93.

Institutional Trading of Global X Social Media ETF

Several hedge funds and other institutional investors have recently bought and sold shares of 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Global X Social Media ETF during the 3rd quarter valued at about $2,227,000. Bank of America Corp DE boosted its position in shares of Global X Social Media ETF by 8.9% during the 1st quarter. Bank of America Corp DE now owns 236,306 shares of the company’s stock valued at $10,232,000 after acquiring an additional 19,333 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Global X Social Media ETF during the 2nd quarter valued at about $482,000. Finally, AAFMAA Wealth Management & Trust LLC acquired a new stake in shares of Global X Social Media ETF during the 4th quarter valued at about $479,000.

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.