Global X Internet of Things Thematic ETF (NASDAQ:SNSR) Sees Significant Decrease in Short Interest

Global X Internet of Things Thematic ETF (NASDAQ:SNSR) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 1,400 shares, a decline of 80.8% from the September 30th total of 7,300 shares. Based on an average trading volume of 23,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in Global X Internet of Things Thematic ETF by 119.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,460 shares of the company’s stock worth $2,326,000 after purchasing an additional 36,159 shares during the period. Values First Advisors Inc. bought a new stake in Global X Internet of Things Thematic ETF during the third quarter worth approximately $45,000. Truist Financial Corp grew its position in Global X Internet of Things Thematic ETF by 3.0% in the second quarter. Truist Financial Corp now owns 27,204 shares of the company’s stock worth $977,000 after buying an additional 789 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Global X Internet of Things Thematic ETF by 5.7% in the second quarter. Commonwealth Equity Services LLC now owns 20,970 shares of the company’s stock valued at $753,000 after buying an additional 1,130 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Global X Internet of Things Thematic ETF during the 2nd quarter valued at $50,000.

Global X Internet of Things Thematic ETF Trading Up 0.1 %

SNSR stock traded up $0.03 during trading on Friday, hitting $34.41. The company had a trading volume of 6,366 shares, compared to its average volume of 24,631. The business has a 50 day moving average of $34.32 and a 200 day moving average of $35.14. The firm has a market capitalization of $238.81 million, a price-to-earnings ratio of 25.59 and a beta of 1.24. Global X Internet of Things Thematic ETF has a fifty-two week low of $27.94 and a fifty-two week high of $38.54.

Global X Internet of Things Thematic ETF Company Profile

The Global X Internet of Things ETF (SNSR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index composed of developed market companies that facilitate the Internet of Things industry. SNSR was launched on Sep 12, 2016 and is managed by Global X.