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

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 46,000 shares, a growth of 2,200.0% from the March 31st total of 2,000 shares. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On Global X Internet of Things Thematic ETF

Large investors have recently added to or reduced their stakes in the stock. Operose Advisors LLC acquired a new stake in shares of Global X Internet of Things Thematic ETF in the third quarter worth $58,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Global X Internet of Things Thematic ETF in the fourth quarter worth $71,000. Assetmark Inc. acquired a new stake in shares of Global X Internet of Things Thematic ETF in the third quarter worth $174,000. Worth Asset Management LLC acquired a new stake in shares of Global X Internet of Things Thematic ETF in the fourth quarter worth $204,000. Finally, Fiduciary Alliance LLC acquired a new stake in shares of Global X Internet of Things Thematic ETF in the first quarter worth $223,000.

Global X Internet of Things Thematic ETF Trading Down 0.1 %

Global X Internet of Things Thematic ETF stock traded down $0.05 during trading hours on Friday, reaching $34.65. 83,072 shares of the company were exchanged, compared to its average volume of 27,926. The firm has a market cap of $272.70 million, a price-to-earnings ratio of 24.13 and a beta of 1.24. The stock has a 50-day moving average of $35.31 and a 200 day moving average of $33.55. Global X Internet of Things Thematic ETF has a 12 month low of $27.94 and a 12 month high of $36.98.

About Global X Internet of Things Thematic ETF

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.