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

Global X Social Media Index ETF (NASDAQ:SOCL) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 1,200 shares, a drop of 20.0% from the July 31st total of 1,500 shares. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is currently 0.1 days.

Global X Social Media Index ETF Price Performance

Shares of NASDAQ SOCL traded up $0.14 during midday trading on Friday, reaching $39.31. The company’s stock had a trading volume of 5,917 shares, compared to its average volume of 14,377. The stock has a market capitalization of $125.01 million, a P/E ratio of 29.02 and a beta of 0.94. The firm has a 50 day moving average price of $40.82 and a 200-day moving average price of $41.07. Global X Social Media Index ETF has a 12-month low of $33.23 and a 12-month high of $44.97.

Global X Social Media Index ETF Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 27th were given a $0.1039 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. NBC Securities Inc. boosted its holdings in shares of Global X Social Media Index ETF by 2.4% in the 4th quarter. NBC Securities Inc. now owns 23,050 shares of the company’s stock worth $930,000 after buying an additional 550 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Global X Social Media Index ETF by 35.0% in the first quarter. Manchester Capital Management LLC now owns 2,700 shares of the company’s stock valued at $109,000 after acquiring an additional 700 shares during the last quarter. Assetmark Inc. grew its position in shares of Global X Social Media Index ETF by 102.0% during the 4th quarter. Assetmark Inc. now owns 5,564 shares of the company’s stock valued at $225,000 after acquiring an additional 2,810 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Global X Social Media Index ETF by 98.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,884 shares of the company’s stock worth $586,000 after purchasing an additional 6,905 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of 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 worth $1,901,000 after purchasing an additional 33,963 shares during the last quarter.

About Global X Social Media Index ETF

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.