Global X Internet of Things ETF (NASDAQ:SNSR) Short Interest Down 50.9% in March

Global X Internet of Things ETF (NASDAQ:SNSR) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 1,839 shares, a drop of 50.9% from the March 15th total of 3,747 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,177 shares, the days-to-cover ratio is presently 0.1 days.

Global X Internet of Things ETF Trading Up 0.0%

Shares of Global X Internet of Things ETF stock opened at $39.86 on Friday. Global X Internet of Things ETF has a twelve month low of $29.06 and a twelve month high of $41.15. The firm has a market capitalization of $198.50 million, a PE ratio of 26.18 and a beta of 1.26. The firm’s 50-day moving average price is $38.72 and its 200 day moving average price is $38.18.

Institutional Investors Weigh In On Global X Internet of Things ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SNSR. Moran Wealth Management LLC increased its stake in shares of Global X Internet of Things ETF by 82.8% during the third quarter. Moran Wealth Management LLC now owns 29,150 shares of the company’s stock worth $1,137,000 after acquiring an additional 13,205 shares during the period. Modern Wealth Management LLC increased its stake in shares of Global X Internet of Things ETF by 7.3% during the second quarter. Modern Wealth Management LLC now owns 685,653 shares of the company’s stock worth $25,890,000 after acquiring an additional 46,945 shares during the period. Flow Traders U.S. LLC increased its stake in shares of Global X Internet of Things ETF by 34.3% during the third quarter. Flow Traders U.S. LLC now owns 63,213 shares of the company’s stock worth $2,466,000 after acquiring an additional 16,159 shares during the period. Cetera Investment Advisers increased its stake in shares of Global X Internet of Things ETF by 7.0% during the fourth quarter. Cetera Investment Advisers now owns 11,945 shares of the company’s stock worth $441,000 after acquiring an additional 782 shares during the period. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of Global X Internet of Things ETF during the second quarter worth about $211,000.

Global X Internet of Things 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.