Global X Internet of Things ETF (NASDAQ:SNSR) Short Interest Up 219.6% in April

Global X Internet of Things ETF (NASDAQ:SNSR) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 5,878 shares, a growth of 219.6% from the March 31st total of 1,839 shares. Based on an average trading volume of 10,493 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Global X Internet of Things ETF Stock Performance

Shares of NASDAQ:SNSR opened at $44.53 on Monday. Global X Internet of Things ETF has a 12-month low of $31.28 and a 12-month high of $44.78. The business’s fifty day simple moving average is $39.47 and its 200-day simple moving average is $38.42. The company has a market capitalization of $221.76 million, a PE ratio of 26.18 and a beta of 1.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNSR. Jane Street Group LLC grew its stake in Global X Internet of Things ETF by 213.5% during the 1st quarter. Jane Street Group LLC now owns 80,000 shares of the company’s stock worth $2,635,000 after buying an additional 54,481 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Global X Internet of Things ETF by 61.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,000 shares of the company’s stock worth $2,661,000 after buying an additional 27,500 shares during the last quarter. Moran Wealth Management LLC grew its stake in Global X Internet of Things ETF by 57.8% during the 4th quarter. Moran Wealth Management LLC now owns 46,000 shares of the company’s stock worth $1,700,000 after buying an additional 16,850 shares during the last quarter. Flow Traders U.S. LLC grew its stake in Global X Internet of Things ETF by 34.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 63,213 shares of the company’s stock worth $2,466,000 after buying an additional 16,159 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in Global X Internet of Things ETF by 154.4% during the 2nd quarter. Osaic Holdings Inc. now owns 22,522 shares of the company’s stock worth $851,000 after buying an additional 13,668 shares during the last quarter.

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.