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

Global X Social Media Index ETF (NASDAQ:SOCL) was the recipient of a large increase in short interest in the month of 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 volume of 14,100 shares, the short-interest ratio is presently 0.1 days.

Global X Social Media Index ETF Stock Performance

NASDAQ SOCL traded down $0.27 on Tuesday, reaching $40.79. The company had a trading volume of 191 shares, compared to its average volume of 14,522. The firm has a market capitalization of $129.71 million, a price-to-earnings ratio of 29.02 and a beta of 0.94. Global X Social Media Index ETF has a 1-year low of $33.23 and a 1-year high of $44.97. The company’s fifty day moving average is $42.50 and its 200-day moving average is $41.16.

Global X Social Media Index ETF Dividend Announcement

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

Hedge Funds Weigh In On Global X Social Media Index ETF

Large investors have recently modified their holdings of the business. Manchester Capital Management LLC boosted its stake in shares of Global X Social Media Index ETF by 35.0% during the 1st quarter. Manchester Capital Management LLC now owns 2,700 shares of the company’s stock worth $109,000 after buying an additional 700 shares during the last quarter. Assetmark Inc. boosted its stake 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 worth $225,000 after buying an additional 2,810 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Global X Social Media Index ETF in the 4th quarter valued at about $261,000. NBC Securities Inc. raised 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 valued at $930,000 after purchasing an additional 550 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Global X Social Media Index ETF by 256.8% in 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 during the period.

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.