Global X Social Media Index ETF (NASDAQ:SOCL) Short Interest Update

Global X Social Media Index ETF (NASDAQ:SOCL) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 2,100 shares, an increase of 23.5% from the June 30th total of 1,700 shares. Based on an average daily trading volume, of 14,100 shares, the days-to-cover ratio is presently 0.1 days.

Global X Social Media Index ETF Stock Performance

Shares of NASDAQ:SOCL traded up $0.09 during mid-day trading on Friday, hitting $40.79. 14,580 shares of the company traded hands, compared to its average volume of 14,661. The firm has a market cap of $129.71 million, a P/E ratio of 29.02 and a beta of 0.94. Global X Social Media Index ETF has a 52-week low of $33.23 and a 52-week high of $44.97. The firm’s 50 day simple moving average is $42.57 and its 200 day simple moving average is $41.16.

Global X Social Media Index ETF Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 27th were given a dividend of $0.1039 per share. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SOCL. Manchester Capital Management LLC boosted its position in Global X Social Media Index ETF by 35.0% in the 1st quarter. Manchester Capital Management LLC now owns 2,700 shares of the company’s stock valued at $109,000 after buying an additional 700 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Global X Social Media Index ETF by 102.0% in the fourth quarter. Assetmark Inc. now owns 5,564 shares of the company’s stock worth $225,000 after acquiring an additional 2,810 shares in the last quarter. Raymond James & Associates purchased a new position in Global X Social Media Index ETF in the fourth quarter valued at about $261,000. NBC Securities Inc. grew its stake in Global X Social Media Index ETF by 2.4% during the 4th quarter. NBC Securities Inc. now owns 23,050 shares of the company’s stock valued at $930,000 after purchasing an additional 550 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Global X Social Media Index ETF by 256.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 47,187 shares of the company’s stock valued at $1,901,000 after purchasing an additional 33,963 shares in the last quarter.

Global X Social Media Index 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.