Global X Internet of Things ETF (NASDAQ:SNSR) Sees Large Decline in Short Interest

Global X Internet of Things ETF (NASDAQ:SNSR) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 3,807 shares, a decline of 77.8% from the January 29th total of 17,155 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 25,719 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 25,719 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Global X Internet of Things ETF

Hedge funds have recently added to or reduced their stakes in the company. Hyposwiss Advisors SA purchased a new position in Global X Internet of Things ETF in the fourth quarter worth approximately $88,000. Cetera Investment Advisers raised its holdings in shares of Global X Internet of Things ETF by 7.0% in the 4th quarter. Cetera Investment Advisers now owns 11,945 shares of the company’s stock valued at $441,000 after purchasing an additional 782 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Global X Internet of Things ETF during the 4th quarter worth $32,000. Parallel Advisors LLC acquired a new position in shares of Global X Internet of Things ETF during the fourth quarter worth $29,000. Finally, Northbridge Financial Group LLC acquired a new position in shares of Global X Internet of Things ETF during the fourth quarter worth $239,000.

Global X Internet of Things ETF Stock Up 1.0%

Global X Internet of Things ETF stock opened at $40.92 on Thursday. Global X Internet of Things ETF has a 52-week low of $26.78 and a 52-week high of $40.99. The firm has a market cap of $216.06 million, a PE ratio of 26.18 and a beta of 1.26. The company’s 50 day moving average is $38.38 and its two-hundred day moving average is $38.19.

Global X Internet of Things ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.1496 per share. This represents a yield of 80.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.