ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) Stock Short Interest Jumps 474.0%

ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,738 shares, a growth of 474.0% from the September 30th total of 477 shares. Based on an average daily volume of 8,250 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ALPS O’Shares Global Internet Giants ETF stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in ALPS O’Shares Global Internet Giants ETF (NYSEARCA:OGIG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 577 shares of the company’s stock, valued at approximately $29,000.

ALPS O’Shares Global Internet Giants ETF Stock Down 0.2%

Shares of OGIG stock traded down $0.08 during trading hours on Wednesday, hitting $49.98. 5,832 shares of the company’s stock traded hands, compared to its average volume of 10,340. The stock’s fifty day simple moving average is $50.26 and its two-hundred day simple moving average is $46.59. ALPS O’Shares Global Internet Giants ETF has a 12-month low of $39.07 and a 12-month high of $58.52. The stock has a market cap of $101.46 million, a price-to-earnings ratio of 35.27 and a beta of 1.33.

ALPS O’Shares Global Internet Giants ETF Company Profile

The ALPS O’Shares Global Internet Giants ETF Shares (OGIG) is an exchange-traded fund that is based on the O’Shares Global Internet Giants index. The fund tracks an index of global internet and internet technology stocks, selected and weighted by growth and quality factors. OGIG was launched on Jun 5, 2018 and is managed by ALPS.