Global X Cannabis ETF (NASDAQ:POTX) Short Interest Up 166.7% in March

Global X Cannabis ETF (NASDAQ:POTXGet Rating) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 1,080,000 shares, an increase of 166.7% from the March 15th total of 405,000 shares. Based on an average daily trading volume, of 216,300 shares, the days-to-cover ratio is presently 5.0 days.

Shares of NASDAQ POTX opened at $4.92 on Thursday. The business has a 50 day simple moving average of $5.11 and a 200 day simple moving average of $6.53. Global X Cannabis ETF has a 52 week low of $4.28 and a 52 week high of $16.47.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Global X Cannabis ETF by 17.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 929,897 shares of the company’s stock worth $5,411,000 after purchasing an additional 139,934 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Global X Cannabis ETF by 3,014.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 371,156 shares of the company’s stock worth $2,160,000 after purchasing an additional 359,240 shares during the last quarter. LPL Financial LLC lifted its holdings in Global X Cannabis ETF by 6.5% in the 4th quarter. LPL Financial LLC now owns 107,738 shares of the company’s stock worth $627,000 after purchasing an additional 6,529 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in Global X Cannabis ETF by 210.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 101,789 shares of the company’s stock worth $591,000 after purchasing an additional 69,026 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Global X Cannabis ETF by 6.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 54,833 shares of the company’s stock worth $319,000 after purchasing an additional 3,184 shares during the last quarter.

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