Global X Social Media Index ETF (NASDAQ:SOCL) Stock Price Down 0% – What’s Next?

Global X Social Media Index ETF (NASDAQ:SOCL)’s stock price fell 0% during mid-day trading on Wednesday . The company traded as low as $44.52 and last traded at $44.57. 6,064 shares were traded during trading, a decline of 45% from the average session volume of 11,099 shares. The stock had previously closed at $44.58.

Global X Social Media Index ETF Stock Down 0.0 %

The company’s 50-day moving average price is $46.73 and its 200-day moving average price is $44.14. The firm has a market cap of $117.22 million, a price-to-earnings ratio of 18.51 and a beta of 0.94.

Hedge Funds Weigh In On Global X Social Media Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOCL. Virtu Financial LLC acquired a new position in Global X Social Media Index ETF during the 3rd quarter worth $1,391,000. Jane Street Group LLC boosted its stake in shares of Global X Social Media Index ETF by 174.4% in the 4th quarter. Jane Street Group LLC now owns 28,231 shares of the company’s stock valued at $1,195,000 after buying an additional 17,944 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Global X Social Media Index ETF during the fourth quarter worth about $428,000. JPMorgan Chase & Co. increased its stake in shares of Global X Social Media Index ETF by 1,758.4% during the third quarter. JPMorgan Chase & Co. now owns 2,769 shares of the company’s stock worth $120,000 after buying an additional 2,620 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Global X Social Media Index ETF by 24.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,849 shares of the company’s stock valued at $332,000 after acquiring an additional 1,566 shares in 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.