Global X Internet of Things ETF (NASDAQ:SNSR) Sees Significant Drop in Short Interest

Global X Internet of Things ETF (NASDAQ:SNSR) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 2,007 shares, a decrease of 48.9% from the December 15th total of 3,927 shares. Based on an average daily trading volume, of 13,091 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 13,091 shares, the days-to-cover ratio is currently 0.2 days.

Global X Internet of Things ETF Stock Performance

Shares of Global X Internet of Things ETF stock opened at $38.34 on Thursday. The firm has a 50-day moving average of $37.16 and a 200-day moving average of $37.98. Global X Internet of Things ETF has a 52-week low of $26.78 and a 52-week high of $40.32. The stock has a market cap of $204.33 million, a PE ratio of 26.18 and a beta of 1.26.

Global X Internet of Things ETF Announces Dividend

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

Institutional Investors Weigh In On Global X Internet of Things ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNSR. Royal Bank of Canada raised its holdings in Global X Internet of Things ETF by 1.6% during the 1st quarter. Royal Bank of Canada now owns 25,396 shares of the company’s stock worth $837,000 after purchasing an additional 406 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in Global X Internet of Things ETF by 9.6% in the second quarter. Fiduciary Alliance LLC now owns 6,862 shares of the company’s stock worth $259,000 after acquiring an additional 603 shares in the last quarter. Ameriflex Group Inc. grew its stake in Global X Internet of Things ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 1,228 shares of the company’s stock valued at $48,000 after acquiring an additional 614 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Global X Internet of Things ETF by 7.1% during the third quarter. Stratos Wealth Partners LTD. now owns 12,568 shares of the company’s stock valued at $490,000 after acquiring an additional 838 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Global X Internet of Things ETF by 575.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,331 shares of the company’s stock worth $50,000 after purchasing an additional 1,134 shares during the period.

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.