Global X Social Media ETF (NASDAQ:SOCL) Sees Large Growth in Short Interest

Global X Social Media ETF (NASDAQ:SOCL) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 22,362 shares, an increase of 118.4% from the February 12th total of 10,241 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 10,917 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily trading volume, of 10,917 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.0% of the company’s shares are sold short.

Global X Social Media ETF Stock Down 1.8%

NASDAQ SOCL opened at $47.28 on Thursday. Global X Social Media ETF has a 52 week low of $37.50 and a 52 week high of $63.93. The firm has a market capitalization of $109.22 million, a price-to-earnings ratio of 21.77 and a beta of 0.94. The company has a fifty day moving average of $53.04 and a two-hundred day moving average of $55.88.

Global X Social Media ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.1276 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 46.0%.

Hedge Funds Weigh In On Global X Social Media ETF

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in 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 during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Global X Social Media ETF during the third quarter valued at approximately $2,618,000. Great Diamond Partners LLC bought a new position in shares of Global X Social Media ETF during the third quarter valued at approximately $2,540,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Global X Social Media ETF during the third quarter valued at approximately $2,227,000. Finally, Jane Street Group LLC purchased a new stake in shares of Global X Social Media ETF in the second quarter worth approximately $482,000.

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.