Global X Cannabis ETF (NASDAQ:POTX) Short Interest Update

Global X Cannabis ETF (NASDAQ:POTXGet Rating) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 559,900 shares, a decline of 48.2% from the March 31st total of 1,080,000 shares. Based on an average trading volume of 211,500 shares, the short-interest ratio is presently 2.6 days.

A number of hedge funds have recently modified their holdings of POTX. Morgan Stanley grew its position in shares of Global X Cannabis ETF by 58.8% in the 1st quarter. Morgan Stanley now owns 2,700 shares of the company’s stock valued at $43,000 after buying an additional 1,000 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Global X Cannabis ETF in the 4th quarter valued at about $69,000. Venturi Wealth Management LLC acquired a new position in shares of Global X Cannabis ETF in the 4th quarter valued at about $94,000. Janney Montgomery Scott LLC acquired a new position in shares of Global X Cannabis ETF in the 4th quarter valued at about $145,000. Finally, Edge Capital Group LLC acquired a new position in shares of Global X Cannabis ETF in the 4th quarter valued at about $158,000.

Shares of Global X Cannabis ETF stock traded down $0.03 during trading on Friday, reaching $4.04. 116,928 shares of the company’s stock were exchanged, compared to its average volume of 204,074. Global X Cannabis ETF has a 1-year low of $3.90 and a 1-year high of $16.47. The firm’s 50-day moving average price is $4.84 and its 200 day moving average price is $6.15.

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