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

Global X Social Media ETF (NASDAQ:SOCL) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 105,626 shares, a growth of 791.6% from the August 15th total of 11,847 shares. Based on an average daily volume of 20,001 shares, the short-interest ratio is presently 5.3 days. Currently, 5.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Global X Social Media ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 in the last quarter. Bank of America Corp DE increased its stake in 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 purchasing an additional 19,333 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Global X Social Media ETF by 47.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,714 shares of the company’s stock valued at $150,000 after purchasing an additional 879 shares in the last quarter. Raymond James Financial Inc. raised its holdings 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 worth $596,000 after buying an additional 1,509 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Global X Social Media ETF during the second quarter worth $482,000.

Global X Social Media ETF Price Performance

Shares of SOCL stock traded up $0.60 on Friday, reaching $44.13. 15,934 shares of the company were exchanged, compared to its average volume of 10,451. The company has a 50-day moving average of $45.57 and a 200-day moving average of $45.74. The company has a market cap of $87.83 million, a price-to-earnings ratio of 21.77 and a beta of 1.02. Global X Social Media ETF has a one year low of $41.35 and a one year high of $63.93.

Global X Social Media ETF Announces Dividend

The company also recently declared a semiannual dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were issued a $0.0882 dividend. The ex-dividend date was Monday, June 29th. This represents a yield of 40.0%.

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.