Global X Social Media ETF (NASDAQ:SOCL) Shares Up 2.6% – Here’s What Happened

Global X Social Media ETF (NASDAQ:SOCL)’s stock price shot up 2.6% on Monday . The company traded as high as $50.90 and last traded at $50.82. 18,845 shares were traded during mid-day trading, an increase of 109% from the average session volume of 9,027 shares. The stock had previously closed at $49.52.

Global X Social Media ETF Price Performance

The company has a market capitalization of $133.66 million, a price-to-earnings ratio of 17.81 and a beta of 0.94. The stock has a 50 day moving average price of $45.18 and a two-hundred day moving average price of $45.11.

Institutional Trading of Global X Social Media ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SOCL. Cetera Investment Advisers acquired a new stake in shares of Global X Social Media ETF in the first quarter valued at $328,000. Commonwealth Equity Services LLC increased its stake in shares of Global X Social Media 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 buying an additional 1,566 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Global X Social Media ETF in the fourth quarter valued at $428,000. Cambridge Investment Research Advisors Inc. increased its position in Global X Social Media ETF by 5.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,733 shares of the company’s stock worth $1,040,000 after purchasing an additional 1,253 shares during the period. Finally, LPL Financial LLC increased its position in Global X Social Media ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 25,145 shares of the company’s stock worth $1,064,000 after purchasing an additional 543 shares during the period.

Global X Social Media 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.