Short Interest in Global X Social Media Index ETF (NASDAQ:SOCL) Increases By 23.5%

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. raised its holdings 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 buying an additional 2,810 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Global X Social Media Index ETF in the fourth quarter worth $261,000. NBC Securities Inc. increased its stake in shares of Global X Social Media Index ETF by 2.4% in the fourth quarter. NBC Securities Inc. now owns 23,050 shares of the company’s stock worth $930,000 after acquiring an additional 550 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Global X Social Media Index ETF in the first quarter worth $5,465,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Global X Social Media Index ETF by 14.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 815,000 shares of the company’s stock worth $32,902,000 after acquiring an additional 100,000 shares during the period.

Global X Social Media Index ETF Stock Performance

NASDAQ:SOCL traded up $0.27 during midday trading on Monday, reaching $41.06. 9,007 shares of the stock traded hands, compared to its average volume of 14,622. Global X Social Media Index ETF has a 12-month low of $33.23 and a 12-month high of $44.97. The business has a 50-day moving average of $42.50 and a two-hundred day moving average of $41.16. The stock has a market capitalization of $130.57 million, a PE ratio of 29.02 and a beta of 0.94.

Global X Social Media Index ETF Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, July 5th. Investors 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.

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.